J2 Global Announces Repurchase at Option of Holders of 3.25% Convertible Senior Notes Due 2029
May 14 2021 - 4:10PM
Business Wire
J2 Global, Inc. (NASDAQ: JCOM) ( “J2 Global”), a leading
internet information and services company, today announced that
holders of its 3.25% Convertible Senior Notes due 2029 (CUSIP
Number: 48123V AC6) (the “Notes”) have the right to surrender their
Notes for purchase by J2 Global pursuant to their option (the “Put
Right”) under the Indenture governing the Notes, dated as of June
10, 2014 and as supplemented by the First Supplemental Indenture,
dated as of June 17, 2014 (the “Indenture”). The Put Right entitles
each holder of the Notes to require J2 Global to purchase all or
any part of such holder’s Notes on June 15, 2021 (the “Repurchase
Date”) at a purchase price (the “Repurchase Price”) equal to 100%
of the principal amount of the Notes, plus accrued and unpaid
interest thereon up to, but excluding, the Repurchase Date.
The opportunity to exercise the Put Right commences today and
expires at 5:00 p.m., New York City time, on Monday, June 14, 2021,
which is the business day immediately preceding the Repurchase
Date. In order to exercise the Put Right and receive the Repurchase
Price, or withdraw Notes previously surrendered, a holder must
follow the procedures set forth in the Put Right Notice.
Neither J2 Global nor its board of directors or employees has
made or is making any representation or recommendation as to
whether or not any holder should surrender any Notes.
Additional Information
J2 Global will file the Put Right Notice with a Tender Offer
Statement on Schedule TO with the Securities and Exchange
Commission today. Copies of the Put Right Notice may be obtained
from U.S. Bank National Association by phone at (800) 934-6802 or
by email at cts.specfinance@usbank.com. Additional information
regarding the Put Right Notice may be obtained from J2 Global’s
Investor Relations Department by phone at (800) 577-1790 or by
email at investor@j2global.com.
About J2 Global
J2 Global, Inc. (NASDAQ: JCOM) is a leading internet information
and services company consisting of a portfolio of brands including
IGN, Mashable, Humble Bundle, Speedtest, PCMag, RetailMeNot,
Offers.com, Spiceworks, Ekahau,
Everyday Health, BabyCenter and What To Expect in its Digital Media
business and eFax, eVoice, iContact, Campaigner, Vipre, IPVanish
and KeepItSafe in its Cloud Services business. J2 reaches in excess
of 240 million people per month across its brands. As of December
31, 2020, J2 had achieved 25 consecutive fiscal years of revenue
growth. For more information about J2, please visit www.J2global.com.
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J2 Global, Inc. Rebecca Wright (800) 577-1790 press@j2.com
j2 Global (NASDAQ:JCOM)
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