Business
eBay Announces Offer for Any and All of its 2.60% Notes due 2022
SAN JOSE, Calif., March 17, 2021 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY) (the "Company") announced today that it has commenced a cash tender offer (the
About this update from Ebay Inc.
[{"type":"text","content":"SAN JOSE, Calif., March 17, 2021 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY) (the \"Company\") announced today that it has commenced a cash tender offer (the \"Offer\") for any and all of its outstanding $1 billion aggregate principal amount 2.60% Notes due 2022 (the \"Notes\"), on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the \"Offer to Purchase\") and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the \"Notice of Guaranteed Delivery\"). The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the \"Offer Documents.\"\nInformation related to the Notes and the Offer is set forth in the table below.\nTitle of Note \nCUSIP Number\nPrincipal Amount Outstanding\nU.S. Treasury Reference Security\nBloomberg Reference Page\nFixed Spread\n2.60% Notes due 2022\n278642AE3\n$1,000,000,000\n2.250% UST due April 15, 2022\nFIT4\n20 bps\nTimetable for the Offer\nCommencement of the Offer\nMarch 17, 2021\nPrice Determination Date\n11:00 A.M., New York City time, on March 23, 2021, unless extended\nWithdrawal Deadline\n5:00 P.M., New York City time, on March 23, 2021, unless extended\nExpiration Time\n5:00 P.M., New York City time, on March 23, 2021, unless extended\nExpected Settlement Date\nMarch 24, 2021\nExpected Guaranteed Delivery Date\n5:00 P.M., New York City time, on March 25, 2021, unless extended\nExpected Guaranteed Delivery Settlement Date\nMarch 26, 2021 (the first business day after the Guaranteed Delivery Date and the third business day after the Expiration Time)\nHolders must validly tender (and not validly withdraw) or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or before the Expiration Time (as defined below) in order to be eligible to receive the Tender Offer Consideration (as defined below). Holders who tender their Notes at or prior to 5:00 P.M., New York City time, on March 23, 2021 (such time and date, as the same may be extended or earlier terminated by the Company, the \"Withdrawal Deadline\") may withdraw such tendered Notes at any time at or prior to the Withdrawal Deadline. Following the Withdrawal Deadline, Holders who have tendered their Notes (whether before, on or after the Withdrawal Deadline) may not withdraw such Notes unless the Compa...