J2 Global, Inc. Announces Commencement of Cash Tender Offer to Purchase Up to $90,000,000 Aggregate Purchase Price, Exclusive of Accrued But Unpaid Interest of Its Outstanding 4.625% Senior Notes Due 2030
September 28, 2021 at 06:14 am EDT
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J2 Global, Inc. (‘J2 Global’ or the ‘Company’) announced the commencement of a cash tender offer (the ‘Tender Offer’) to purchase up to $90,000,000 aggregate purchase price, exclusive of accrued but unpaid interest (the ‘Maximum Purchase Amount’), of its outstanding 4.625% Senior Notes due 2030 (the ‘Notes’). The terms and conditions of the Tender Offer are described in an Offer to Purchase, dated September 24, 2021 (the ‘Offer to Purchase’). Holders of Notes that are validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on October 7, 2021 (the ‘Early Tender Time’) and accepted for purchase will receive the Total Consideration set in the table above, which includes an early tender premium of $50.00 per $1,000 principal amount of the Notes accepted for purchase (the ‘Early Tender Premium’). Holders of Notes tendered after the Early Tender Time will be eligible only to receive the Tender Offer Consideration set in the table above, which is the Total Consideration minus the Early Tender Premium. Tendered Notes may be withdrawn at any time prior to 5:00 p.m., New York City time, on October 7, 2021 (the ‘Withdrawal Time’) and may not be validly withdrawn thereafter except as provided in the Offer to Purchase or applicable law.
Ziff Davis, Inc. is a vertically focused digital media and Internet company. Its portfolio includes brands in technology, shopping, gaming and entertainment, connectivity, health, cybersecurity, and Martech. Its segments include Digital Media and Cybersecurity and Martech. The Digital Media segment specializes in the technology, shopping, gaming and entertainment, connectivity, and healthcare markets, offering content, tools, and services to consumers and businesses. Its Digital Media business operates a portfolio of Web properties and apps, which includes IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, Medpage Today, Everyday Health, BabyCenter, What to Expect and others. The Cybersecurity and Martech segment provide cloud-based subscription services to consumers and businesses, including cybersecurity, privacy, and marketing technology. It markets its Cybersecurity and Martech offerings to a spectrum of prospective business customers.
J2 Global, Inc. Announces Commencement of Cash Tender Offer to Purchase Up to $90,000,000 Aggregate Purchase Price, Exclusive of Accrued But Unpaid Interest of Its Outstanding 4.625% Senior Notes Due 2030