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eBay Inc. Prices $1 Billion Senior Unsecured Notes Offering
SAN JOSE, Calif., March 4, 2020 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY) today announced the pricing of a $1 billion underwritten public offering of its
About this update from Ebay Inc.
[{"type":"text","content":"SAN JOSE, Calif., March 4, 2020 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY) today announced the pricing of a $1 billion underwritten public offering of its senior unsecured notes, consisting of $500 million of 1.900% Notes due 2025 (the \"2025 Notes\") and $500 million of 2.700% Notes due 2030 (the \"2030 Notes\"). The public offering price of the 2025 Notes is 99.782% of the principal amount and the public offering price of the 2030 Notes is 99.843% of the principal amount, in each case plus accrued interest, if any. The offering is expected to close on March 11, 2020, subject to customary closing conditions.\n\n \n \n \n \n \n \n\n \neBay intends to use all or a substantial portion of the net proceeds from the offering to repay all of its outstanding 2.150% Notes due 2020 and 3.250% Notes due 2020, with any remaining net proceeds to be used for general corporate purposes, which may include capital expenditures, share repurchases, repayment of other indebtedness and possible acquisitions. \nThe offering is being made through an underwriting syndicate led by BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as joint book-running managers, and BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and Standard Chartered Bank, as co-managers. Copies of the prospectus supplement and prospectus related to the offering may be obtained by contacting BofA Securities, Inc., 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attention: Prospectus Department, by telephone at 1-800-294-1322 or by emailing [email protected]; Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, 3rd floor, New York, NY 10010, Attention: Prospectus Department, by telephone at 1-800-221-1037 or by emailing [email protected] or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, by telephone at 1-800-645-3751 or by emailing [email protected].\nThe offering is being made pursuant to an effective shelf registration statement under the Securities Act of 1933, as amended, and these securities are only...