Ziff Davis exchanges $400.9M of 1.75% notes due 2026 for $263.1M of 3.625% notes due 2028 plus cash

ZIFF DAVIS, INC.

Issued $263.1M of new 3.625% Convertible Senior Notes due 2028; initial conversion price $100/share.
Paid approx. $135M cash to retire $400.9M of existing 1.75% Convertible Senior Notes due 2026.
New notes mature March 1, 2028; interest payable semi-annually March/September starting March 2025.
Settlement at conversion can be cash, stock, or combination; initial conversion rate 10 shares per $1,000 principal.
Private exchange relied on Section 4(a)(2) and Rule 144A; any shares issuable on conversion rely on Section 3(a)(9).

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