Upstart Holdings, Inc. (UPST), an AI lending marketplace, Tuesday announced its plan to privately offer $425 million of Convertible Senior Notes due 2030 to institutional buyers.
The company plans to use the net proceeds to repay debts and for general corporate purposes.
Upstart also intends to grant the initial purchasers an option to purchase up to an additional $75 million of the notes.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.