SAN JOSE, Calif., Jan. 29, 2021 /PRNewswire/ --
eBay, Inc. ("eBay" or the "Company") (Nasdaq: EBAY) today announced its intention to redeem all of its outstanding 6.00%
Senior Notes due 2056 (CUSIP No. 278642202) (the "Notes"), pursuant to its option under the Indenture, dated as
of October 28, 2010 (the "Indenture"), by and among the Company, and Wells Fargo
Bank, National Association, as trustee (the "Trustee"). The redemption date is March 1,
2021 (the "Redemption Date"), and the redemption price is equal to 100% of the principal amount of
the Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the Notes being
redeemed to the Redemption Date, in accordance with the terms of the Notes. As of the date hereof, there was
$750,000,000 aggregate principal amount of the Notes outstanding. Payment of the
redemption price will be made through the facilities of The Depository Trust Company.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects millions of buyers and sellers in 190 markets around the world. We exist to enable
economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. The ebay.com
marketplace and its localized counterparts, as well as the eBay mobile apps, are among the world's largest and
most vibrant marketplaces for discovering great value and unique selection. For more information, visit ebayinc.com.
Cautionary Note Regarding Forward Looking Statements
Certain statements herein are "forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Exchange Act. Such forward-looking statements are often
identified by words such as "anticipate," "approximate," "believe," "commit," "continue," "could," "estimate,"
"expect," "hope," "intend," "may," "outlook," "plan," "project," "potential," "should," "would," "will" and
other similar words or expressions. Such forward-looking statements reflect eBay's current expectations or
beliefs concerning future events and actual events may differ materially from historical results or current
expectations. The reader is cautioned not to place undue reliance on these forward-looking statements, which are
not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other
factors, many of which are outside the control of eBay. A variety of factors include, for example, changes in
the anticipated timing for the redemption of the Notes, business disruption during the pendency or following the
redemption of the Notes. In addition, actual results are subject to other risks and uncertainties that relate
more broadly to eBay's overall business, including those more fully described in eBay's filings with the
Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the fiscal year ended
December 31, 2019 and subsequent quarterly reports on Form 10-Q. The
forward-looking statements in this document speak only as of this date. We undertake no obligation to revise or
update publicly any forward-looking statement, except as required by law.
SOURCE eBay Inc.
Related Links
http://www.ebay.com