Weibo to use new convertibles to address straight notes due 2024

Chicago, Nov. 29 – Weibo Corp. plans to use the proceeds from a new convertibles notes offering to refinance a portion of the company’s 3˝% senior notes due 2024, according to a press release.

When the new convertibles deal was announced, it was sized at $300 million.

Weibo is a Beijing-based social media platform.

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