debt
confidence high
sentiment neutral
materiality 0.50
eBay closes $1B debt offering: $600M 4.25% notes due 2029, $400M 5.125% due 2035
EBAY INC
- Closed $1B aggregate principal: $600M 4.250% Notes due 2029, $400M 5.125% Notes due 2035.
- Notes are senior unsecured, rank equally with existing senior debt; issued under shelf registration.
- Interest payable semi-annually: 4.25% notes first payment Mar 6, 2026; 5.125% notes first payment May 6, 2026.
- Company may redeem notes prior to maturity; change-of-control triggers repurchase at 101% of principal.
- Underwriters led by Citigroup, Deutsche Bank, Goldman Sachs; proceeds for general corporate purposes.