Booming credit markets are giving tech companies a golden opportunity to tackle the hefty debt pile they took on during the easy money era.
Coinbase Global Inc., Ubisoft Entertainment SA and Snap Inc. are among companies that have been able to easily sell new convertible bonds and buy back their old busted notes at a discount. It’s a relief for the firms, which were facing short deadlines to repay the debt, as they are effectively repaying less than they borrowed in the first place.