Yahoo Announces Pricing of Upsized Offering of $1.25B Convertible Senior Notes Due 2018

Yahoo!

today announced the pricing of $1.25 billion aggregate principal amount of its 0.00% convertible senior notes due 2018 (the “notes”). The offering was upsized from the previously announced $1.0 billion aggregate principal amount of notes. Yahoo also has granted to the initial purchasers of the notes the right to purchase up to an additional $187.5 million aggregate principal amount of notes, exercisable within a 30-day period, solely to cover over-allotments. The notes will be offered and sold by the initial purchasers only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering is scheduled to close on or about November 26, 2013, subject to customary closing conditions.