{"id":3813,"date":"2024-03-05T15:48:55","date_gmt":"2024-03-05T20:48:55","guid":{"rendered":"https:\/\/www.profitless.com\/?p=3813"},"modified":"2024-03-05T15:48:57","modified_gmt":"2024-03-05T20:48:57","slug":"sofi-issuing-750mm-in-new-debt","status":"publish","type":"post","link":"https:\/\/www.profitless.com\/?p=3813","title":{"rendered":"SoFi issuing $750mm in new debt"},"content":{"rendered":"\n<p>Fintech company SoFi is adding to its $5 billion in debt by issuing <a href=\"https:\/\/investors.sofi.com\/news\/news-details\/2024\/SoFi-Technologies-Inc.-Announces-Proposed-Convertible-Senior-Notes-Offering-Due-2029\/default.aspx\">$750 million more in convertible notes<\/a>. The stock is taking a 15% haircut on the news that by 2029 there might be further dilution of the stock due to these notes.<\/p>\n\n\n\n<p>The company recently had a profitable quarter and with interest rates high, we are left wondering why they are feeling light on cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech company SoFi is adding to its $5 billion in debt by issuing $750 million more in convertible notes. The stock is taking a 15% haircut on the news that by 2029 there might be further dilution of the stock due to these notes. The company recently had a profitable quarter and with interest rates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[91],"tags":[90],"class_list":{"0":"post-3813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-debt","7":"tag-sofi"},"acf":{"sources":null},"_links":{"self":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/3813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3813"}],"version-history":[{"count":1,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/3813\/revisions"}],"predecessor-version":[{"id":3814,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/3813\/revisions\/3814"}],"wp:attachment":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}