- Trulia (TRLA) plans to sell $150M worth of convertible senior notes due 2020. Underwriters will have a $22.5M overallotment option. Trulia can't redeem the notes before Dec. 2018. (PR)
- The online/mobile real estate platform says it will use $30M of the net proceeds to buy back shares, and another $7.2M to fully pay down a credit facility. The remainder will be used for "working capital and general corporate purposes," and possibly to make acquisitions/investments.
- With Trulia having recently spent $68M in cash to help pay for its $355M acquisition of real estate sales/marketing software vendor Market Leader, the company had only $43.4M in cash/equivalents at the end of Q3, along with $8M in debt.
Trulia announces $150M convertible debt offering, shares -2.3% AH
From other sites
at CNBC.com (May 27, 2015)
Video at CNBC.com (May 12, 2015)
Video at CNBC.com (May 11, 2015)
at CNBC.com (Mar 25, 2015)
at CNBC.com (Mar 24, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs