Moody's says eBay's proposed $750 million note add-ons improve maturity profile; no impact on Baa1 rating
Announcement: Moody's says eBay's proposed $750 million note add-ons improve maturity profile; no impact on Baa1 rating. Global Credit Research- 08 Jun 2020. New York, June 08, 2020-- Moody's Investors Service said earlier today, eBay Inc. announced a $750 million add-on to the company's existing 1.90% senior unsecured notes due 2025 and 2.70% senior unsecured notes due 2030. Proceeds of the new notes will be used to fund the purchase of 2.875% senior unsecured notes due August...eBay is a global commerce provider, which includes its Marketplace, StubHub and Classifieds platforms. The company's Marketplace platforms include its online marketplace located at www.ebay.com, its localized counterparts and the eBay suite of mobile apps. The company's StubHub platforms include its online ticket platform located at www.stubhub.com, its localized counterparts and the StubHub mobile apps. These platforms connect fans with their favorite sporting events, shows and artists and enable them to buy and sell tickets whenever and wherever they want. The company's Classifieds platforms include a collection of brands such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen and others.
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