debt
confidence high
sentiment neutral
materiality 0.60
eBay closes $1.15B senior notes offering to refinance near-term debt
EBAY INC
- $425M of 5.900% notes due 2025, $300M of 5.950% notes due 2027, $425M of 6.300% notes due 2032.
- Net proceeds to redeem outstanding floating rate notes due 2023 and 2.750% fixed rate notes due 2023.
- Offering closed on November 22, 2022; lead underwriters: BofA, HSBC, Wells Fargo.
- Remaining proceeds for general corporate purposes including capex, buybacks, acquisitions.
- Notes are senior unsecured, redeemable at eBay's option; change-of-control put at 101%.