How Spotify shareholders TPG and Dragoneer used convertible debt notes, which entitled them to more shares if listing was delayed, to force listing by July 2 (Theodore Schleifer/Recode)

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Theodore Schleifer / Recode:
How Spotify shareholders TPG and Dragoneer used convertible debt notes, which entitled them to more shares if listing was delayed, to force listing by July 2  —  A three-part play in a debt drama.  —  Spotify solved a messy debt problem posed by two of its shareholders in recent months …