\"\"Agencies
\n
NEW YORK: Technology giant Yahoo<\/a>! said it has raised about $1.23 billion through sale of its securities and the proceeds would be utilised for strategic transactions and working capital needs, among others.

Last month, the US-based firm had proposed to offer a total of $1.25 billion aggregate principal amount of its convertible senior notes due 2018, subject to
market conditions<\/a> and other factors, in a private placement.

\"Net proceeds from sale of the Notes were approximately $1.23 billion, after deducting Initial Purchasers' discount and the estimated offering expenses payable by the company,\" Yahoo said in a filing to the
US Securities and Exchange Commission<\/a> (SEC) yesterday.

\n\n\tThe firm used about $70.4 million of proceeds from the notes to pay the cost of the privately negotiated convertible note hedge transactions described and used about $87.5 million to repurchase 2,457,800 shares, it added.\n

\n\n\t\"Yahoo expects to use the remainder of the net proceeds for general corporate purposes, including, but not limited to, acquisitions or other strategic transactions, additional repurchases of common stock and working capital,\" it said.\n

\n\n\tThe company said on November 26, 2013, it completed its previously announced offering of $1.25 billion aggregate principal amount convertible senior notes due 2018.\n

\n\n\tThe notes were sold in a private placement in a purchase agreement, dated November 20, 2013, entered into by and among Yahoo! and J P Morgan Securities and Goldman, Sachs, as representatives of the several initial purchasers.\n

\"The Company also granted the initial purchasers an over- allotment option to purchase, within
30 days<\/a> from November 20, 2013, up to an additional $187.5 million aggregate principal amount of the notes on the same terms and conditions,\" the filing said.

\n\n\tThe notes will be convertible into Yahoo shares at an initial conversion rate of 18.7161 shares per $1,000 principal amount of notes (which is equivalent to an initial conversion price of about $53.43 per share), subject to adjustment upon the occurrence of certain events, it added.\n

\n\n\tThe initial conversion price represents a premium of around 50 per cent to the $35.62 per share closing price of Yahoo's common stock on November 20, 2013. Upon conversion of the notes, holders will receive cash or shares of Yahoo's common stock or a combination thereof, at Yahoo' election.\n

\n

\n

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雅虎提出12.3亿美元出售可转换债券

科技巨头雅虎说,已经募集了大约12.3亿美元的资金通过出售其证券的收益将用于战略事务和营运资金需求,等等。上个月,美国公司提出了总本金提供总计12.5亿美元的2018年到期的可转换优先债,市场环境和其他因素,在一个私人配售。

  • 2013年11月28日更新远是坚持
机构

纽约:科技巨头雅虎!说,已经募集了大约12.3亿美元的资金通过出售其证券的收益将用于战略事务和营运资金需求,等等。

上个月,美国公司提出了总本金提供总计12.5亿美元的2018年到期的可转换优先债,主题市场状况和其他因素,在一个私人配售。

“净收益出售笔记是大约12.3亿美元,扣除初始购买者的折扣和公司支付的发行费用,“雅虎在一份声明中称美国证券交易委员会(sec)昨天(SEC)。

广告
该公司使用notes支付约7040万美元的收益私下协商的成本约8750万美元可转换注意对冲交易描述和使用回购2457800股,它补充说。

“雅虎预计使用剩余的净收益一般公司用途,包括但不限于收购或其他战略事务、附加回购普通股和营运资本,”它说。

2013年11月26日,该公司表示,它完成了此前宣布的12.5亿美元2018年到期本金总额兑换高级笔记。

notes售出在购买私人配售协议,日期为2013年11月20日进入,在雅虎和J P摩根证券和高盛(Goldman Sachs),代表的几个初始购买者。

“该公司还授予初始购买者一个分配选择购买,30天从2013年11月20日,额外的1.875亿美元总本金的笔记相同的条款和条件,”文件说。

notes将可转换为雅虎股价在18.7161股的初始转化率每1000美元本金的笔记(相当于一个初始转换价格约每股53.43美元),需调整特定事件的发生,它补充说。

广告
初始转换价格溢价约50%的每股35.62美元的收盘价雅虎普通股11月20日,2013年。转换后指出,持有者将获得现金或雅虎的普通股股票或组合,在雅虎的选举。





  • 发布于2013年11月28日09:56点坚持
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\"\"Agencies
\n
NEW YORK: Technology giant Yahoo<\/a>! said it has raised about $1.23 billion through sale of its securities and the proceeds would be utilised for strategic transactions and working capital needs, among others.

Last month, the US-based firm had proposed to offer a total of $1.25 billion aggregate principal amount of its convertible senior notes due 2018, subject to
market conditions<\/a> and other factors, in a private placement.

\"Net proceeds from sale of the Notes were approximately $1.23 billion, after deducting Initial Purchasers' discount and the estimated offering expenses payable by the company,\" Yahoo said in a filing to the
US Securities and Exchange Commission<\/a> (SEC) yesterday.

\n\n\tThe firm used about $70.4 million of proceeds from the notes to pay the cost of the privately negotiated convertible note hedge transactions described and used about $87.5 million to repurchase 2,457,800 shares, it added.\n

\n\n\t\"Yahoo expects to use the remainder of the net proceeds for general corporate purposes, including, but not limited to, acquisitions or other strategic transactions, additional repurchases of common stock and working capital,\" it said.\n

\n\n\tThe company said on November 26, 2013, it completed its previously announced offering of $1.25 billion aggregate principal amount convertible senior notes due 2018.\n

\n\n\tThe notes were sold in a private placement in a purchase agreement, dated November 20, 2013, entered into by and among Yahoo! and J P Morgan Securities and Goldman, Sachs, as representatives of the several initial purchasers.\n

\"The Company also granted the initial purchasers an over- allotment option to purchase, within
30 days<\/a> from November 20, 2013, up to an additional $187.5 million aggregate principal amount of the notes on the same terms and conditions,\" the filing said.

\n\n\tThe notes will be convertible into Yahoo shares at an initial conversion rate of 18.7161 shares per $1,000 principal amount of notes (which is equivalent to an initial conversion price of about $53.43 per share), subject to adjustment upon the occurrence of certain events, it added.\n

\n\n\tThe initial conversion price represents a premium of around 50 per cent to the $35.62 per share closing price of Yahoo's common stock on November 20, 2013. Upon conversion of the notes, holders will receive cash or shares of Yahoo's common stock or a combination thereof, at Yahoo' election.\n

\n

\n

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