AOL to issue first bond offering since 2009

|About: AOL Inc. (AOL)|By:, SA News Editor

AOL (NYSE:AOL) has announced its new offering of convertible notes, as an effort to raise $300M to be used toward potential acquisitions. The company also plans on using $50M of the raised money to repurchase shares.

Until recently, the company only depended on cash generated from internal operations and asset sales to fund its growth.

The offering marks the first time AOL has issued bonds since it was spun off from Time Warner in 2009.