j2 Global Completes $650M Fundraising Effort

Los Angeles-based j2 Global says it has completed its previously announced, $650M offering of senior unsecured notes, in a private placement, which nets the company $636.4M after expenses. j2 Global is using the new funds to pay off an existing credit facility, and also for general corporate purposes, which it says may include more acquisitions. The notes carry a 6 percent interest rate and are due in 2025.