EBay Prices $1.5 Billion Bond

SAN JOSE, CA – eBay announced the pricing of a $1.5 billion underwritten public offering of its senior unsecured notes, consisting of $750 million of 2.500% Notes due 2018 and $750 million of 3.800% Notes due 2022 The public offering price of the 2018 Notes was 99.897% of the principal amount and the public offering price of the 2022 Notes was 99.772% of the principal amount. The offering is expected to close on March 9, 2016, subject to customary closing conditions.

eBay intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, share repurchases, repayment of indebtedness and possible acquisitions.

The offering is being made through an underwriting syndicate led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., as joint book-running managers, and BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., HSBC Securities (USA) Inc., Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets, LLC, Standard Chartered Bank and The Williams Capital Group, L.P., as co-managers.

Leave a Reply