Fwd: **Revised Guidance: 6.00%** New Issue $25 Par: eBay Inc. (EBAY) $25 Par Senior Unsecured Notes
Good Morning Rich,
New Issue $25 Par Preferred that I wanted to show Southern Trust Company.
Details:
$25 Par New Issue Syndicate Offering:
eBay Inc. (EBAY)
Issuer: eBay Inc. (Ticker: EBAY)
Securities Offered: Senior unsecured notes
Size: $250mm (10mm $25 par securities)
Expected Ratings: Baal / BBB+
Maturity: February 1, 2056
Price Guidance: 6.125% - 6.25%
Offer Price: $25.00
Payment Dates: The 1st of February, May, August and November beginning on 5/1/2016.
Redemption: Callable at the issuer's option on or after 3/xx/2021.
Change of Control: Upon a Triggering Event (as defined) with respect to the notes, the issuer may be required to offer to purchase the notes from the holders (see red).
Use of Proceeds: General corporate purposes, which may include capital expenditures, share repurchases, repayment of indebtedness and possible acquisitions.
DRD/QDI Eligible: No
Subject to US Tax Withholding for NRA Clients: Generally Not
Expected Listing: Nasdaq
Timing: Today's Business
Please call with any questions.
Best,
Andrew
Andrew S. Atlas
First Vice President
Equity Sales/Middle Markets Group
Financial Advisor
Morgan Stanley Wealth Management
1290 Avenue of the Americas, 12th Floor | New York, NY 10104
NMLS ID # 1326736
EFTA00643482
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EFTA00643483
please advise
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
Begin forwarded message:
From: "Atlas, Andrew S"
Subject: Revised Guidance: 6.00% New Issue $25 Par: eBay Inc. (EBAY) $25 Par Senior Unsecured Notes
Date: February 22, 2016 at 11:58:50 AM EST
To: "Richard Kahn ( [REDACTED] )" < [REDACTED] >
Rich,
The guidance on the EBAY offering was revised and now looking 6%.
Guess demand is strong.
Best,
AA
Andrew S. Atlas
First Vice President
Equity Sales/Middle Markets Group
Financial Advisor
Morgan Stanley Wealth Management
1290 Avenue of the Americas, 12th Floor | New York, NY 10104
NMLS ID # 1326736
EFTA00643481