j2 Cloud to redeem all 8% senior notes maturing 2020 via new offering

By Tali Rackner

Minneapolis, June 16 – j2 Cloud Services, LLC plans to redeem all of its 8% senior notes due 2020 using the proceeds from a new $550 million senior unsecured note offering, according to a press release from parent company j2 Global, Inc.

Proceeds will also be used to pay off all amounts outstanding under j2 Global’s existing credit facility and, to the extent any proceeds remain thereafter, for general corporate purposes, which may include acquisitions.

j2 Global provides internet services and is based in Los Angeles.

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