- J2 Global (JCOM) is down 3.1% after announcing a proposed private offering of $500M in debt.
- The company intends to offer that amount in convertible senior notes due 2026.
- Purchasers are expected to get a 13-day option to buy up to $50M more of the notes.
- Part of the net proceeds are to be used to pay off the senior secured credit facility of subsidiary J2 Cloud Services.