J2 Global Prices $350 Mln Of Convertible Senior Notes

(RTTNews) - j2 Global, Inc. (JCOM) said Thursday that it had priced an offering of $350 million of its 3.25% convertible senior notes due 2029.

The company has granted the underwriters an over-allotment option to purchase up to an additional $52.5 million aggregate principal amount of Notes.

j2 Global said it plans to use the net proceeds from the offering for general corporate purposes, which may include acquisitions or payment of the offer price in respect of any notes tendered in connection with a subsidiary's offer to purchase its outstanding notes.

BofA Merrill Lynch, Citigroup and Wells Fargo Securities are acting as joint book-running managers in the offering.