secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0001193125-24-179720
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000119312524179720/0001193125-24-179720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000119312524179720/d824380d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-179720

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