j2 Global to use proceeds from new convertibles for loan repayment

Chicago, Nov. 12 – j2 Global Inc. plans to use proceeds from a new $500 million seven-year convertible note offering to repay in full all amounts outstanding under an existing senior secured credit facility of the company’s wholly owned subsidiary, j2 Cloud Services, LLC.

Los Angeles-based j2 Global is an internet services provider with two operating segments, including business cloud and digital media.

© 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.