Lyft, Inc. Reports $500M Convertible Senior Notes Offering
Summary
On September 2, 2025, Lyft, Inc. entered into a Purchase Agreement with Goldman Sachs & Co. LLC to issue and sell $450 million aggregate principal amount of 0% Convertible Senior Notes due 2030. The Initial Purchasers fully exercised their option to purchase an additional $50 million in notes on September 3, 2025, bringing the total offering to $500 million. These notes were offered and sold under exemptions from registration, including Rule 144A.
Why It Matters
The issuance of $500 million in 0% Convertible Senior Notes due 2030 represents a significant capital raise for Lyft, Inc., impacting its financial structure and providing capital for operations or other corporate purposes.
Key Quote
“On September 3, 2025, the Initial Purchasers exercised their option to purchase the Additional Notes in full.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001759509
- Filing Date
- Friday, September 5, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral