j2 Global calls $402.4 million 3.25% convertibles due 2029

By Wendy Van Sickle

Columbus, Ohio, June 2 – j2 Global, Inc. issued a notice to redeem its $402.4 million of 3.25% convertible senior notes due 2029 (Cusip: 48123VAC6) on Aug. 2 at par plus accrued interest, according to a news release.

The notes are convertible at a conversion rate of 14.7632 shares of common stock per $1,000 principal amount, equal to a conversion price of $67.74 per share, until 5 p.m. ET on July 28.

The closing price of j2’s common stock was $124.53 on May 28.

U.S. Bank, NA is the trustee, paying agent and conversion agent.

j2 Global provides internet services and is based in Los Angeles.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.