j2 Global starts partial tender offer for 4 5/8% notes due 2030

Chicago, Sept. 27 – j2 Global, Inc. started a partial tender offer for up to $90 million of its $750 million outstanding 4 5/8% senior notes due 2030 (Cusips: 48123VAF9, U52503AB2), announced in a press release on Monday.

The company is offering to pay $1,080 per $1,000 note, inclusive of a $50 early tender premium.

The early tender premium will only be paid to noteholders who tender their notes by the early deadline at 5 p.m. ET on Oct. 7.

The early deadline is also the withdrawal deadline.

The tender offer will expire at 11:59 p.m. ET on Oct. 22.

Interest will also be paid to the applicable settlement date.

The settlement dates will be two business days after the early tender deadline and two business days after the expiration time.

Tenders are subject to proration.

The tender offer is conditioned upon the consummation of the separation of the company into two separate publicly traded companies: Ziff Davis, Inc. and Consensus Cloud Solutions, Inc. The separation is expected to be completed on Oct. 7.

Citigroup Global Markets Inc. is the dealer manager (800 558-3745, 212 723-6106).

Global Bondholder Services, Inc. is the information agent and tender agent (866 807-2200, 212 430-3774).

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

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