Trump's Media Company Is Preparing to Pay Out up to $1 Billion After Bitcoin Falls
4 Articles
4 Articles
Trump Media could pay up to $1 billion to bondholders by the end of November. To repay the debt, the company is considering a new loan or selling bitcoins.
Trump Media & Technology Group, the company behind the Truth Social platform, faces a possible payment of up to $1 billion in cash on Nov. 30. Holders of the convertible bonds can request a redemption of the face value of the debt plus accrued interest. In its quarterly report, the company warned that it may not have sufficient funds or access to financing to meet the obligation if all bondholders exercise that right. The bonds mature in 2028, b…
Trump Media & Technology Group (TMTG), the family business of US President Donald Trump, could face a serious financial problem as the company must buy back up to $1 billion in bonds at the end of November. The sharp drop in the stock has made investors reluctant to exchange debt for shares in the company, and TMTG may be forced to sell some of its crypto assets.
The company majority-owned by Donald Trump may have to sell its assets for up to hundreds of millions of dollars because the company's share price has not developed favorably.
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