Ebay to offer $3.5B debt offering

|By:, SA News Editor

EBay (NASDAQ:EBAY) is offering a new $3.5B bond sale to fund general operating activities as well as pay down outstanding short-term loans.

The bond sale comes in the the middle of eBay's consideration of whether to transfer $9B held in cash overseas to the U.S.

The company took a charge of nearly $3B this past April in anticipation of repatriating the funds to be used for acquisitions or other operating activities.