Tuesday, November 12, 2019

J2 Global Looks To Raise $500M In Debt Offering

Los Angeles-based J2 Global is looking to raise $500M in convertible debt from institutinoal buyers, the company said late Monday, to pay off an existing senior secured credit facility and for general corporate purposes, possibly including acquisitions. According to J2 Global, the new convertible senior notes will be due in 2026. J2 Global says that it does not have any agreements or commitments for any "material acquisitions" or investments at this time. J2 Global is the most acquisitive technology companies in the region, and regularly buys 3-5 and sometimes more companies each quarter. J2 Global's flagship properties are Mashable, IGN, PCMag, and Everyday Health, but it owns dozens and dozens of other online publications and cloud services. The company recently acquired BabyCenter, OffSiteDataSync, SaferVPN, and Spiceworks.