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, 2020 (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.
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SOURCE eBay Inc.