Market Overview

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


Yahoo! (NASDAQ: YHOO) 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.

See full press release

Posted-In: News Guidance Financing Offerings Contracts Management


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