BEIJING, Aug. 14, 2014 /PRNewswire/ -- Qihoo 360
Technology Co. Ltd. ("Qihoo 360" or the "Company") (NYSE: QIHU),
today announced that, in connection with the Company's private
placement of 0.50% convertible senior notes due 2020 (the "2020
notes") and 1.75% convertible senior notes due 2021 (the "2021
notes" and together with the 2020 notes, the "notes"), the joint
bookrunners have exercised in full their over-allotment option to
purchase an additional US$67.5
million aggregate principal amount of the 2020 notes and an
additional US$67.5 million aggregate
principal amount of the 2021 notes. The issuance of the additional
US$135 million aggregate principal
amount of notes closed on August 14,
2014. The full exercise of the over-allotment option brings
the total aggregate principal amount of notes sold in the private
placement to US$1.035 billion. The
notes were offered and sold pursuant to Rule 144A under the United
States Securities Act of 1933, as amended (the "Securities Act"),
and Regulation S under the Securities Act.
The notes, the ADSs deliverable upon conversion of the notes and
the Class A ordinary shares represented thereby, have not been and
will not be registered under the Securities Act or the securities
laws of any other place, and may not be offered or sold in
the United States absent
registration or an applicable exemption from registration
requirements. This press release does not constitute an offer to
sell or the solicitation of an offer to buy the securities, nor
will there be any sale of the securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
For investor and media inquiries, please contact:
Qihoo 360 Technology Co. Ltd.
In China:
Tel: +86 10-5878-1574
E-mail: ir@360.cn
In the U.S.:
Don Markley or Glenn Garmont
Tel: (212) 481-2050
E-mail: qihu@tpg-ir.com
SOURCE Qihoo 360 Technology Co. Ltd.