Opendoor Technologies to Issue $650 Million in Convertible Senior Notes and Announce Share Buyback

Opendoor Technologies Inc. (OPEN) announced plans to issue $650 million of 0.00% Convertible Senior Notes due 2030 in a private placement. Concurrently, the company intends to fund a 5% share buyback. The notes are senior unsecured and are expected to close around August 19, 2026.