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DoorDash to Offer $2 Billion of Convertible Senior Notes to ‘Enhance Strategic Flexibility'
DASHDoorDash(DASH) PYMNTS.com·2025-05-28 05:01

DoorDash plans to offer and sell $2 billion of convertible senior notes to “enhance strategic flexibility.”The local commerce platform intends to use some of the net proceeds from the offering to fund the cost of entering into convertible note hedge transactions, and the remainder for general corporate purposes, “which may include potential acquisitions and potential repurchases of shares of our outstanding Class A common stock,” according to a Tuesday (May 27) press release.The move came three weeks after ...