MARA Completes $1 Billion Repurchase of Convertible Notes

Paul, Weiss advised MARA Holdings, Inc., a leading digital energy and infrastructure company, in privately negotiated repurchases of approximately $367.5 million in aggregate principal amount of its 0.00% convertible senior notes due 2030, and approximately $633.4 million in aggregate principal amount of its 0.00% convertible senior notes due 2031. J. Wood Capital Advisors LLC acted as financial advisor in connection with the transactions, which closed on March 30 and March 31.

The Paul, Weiss team was led by corporate partner Luke Jennings and included partner David Sobel.