Etsy, Inc. (ETSY), an e-commerce company, Wednesday said it plans to privately offer $650 million in convertible senior notes due 2030.
Etsy also intends to grant the initial purchasers of the notes an option to purchase up to an additional $50 million of notes.
The company intends to use up to $175 million of the net proceeds to buy back its shares from purchasers of the notes at a price equal to the stock price as on the date of the pricing of the offering. Remaining proceeds from the offering will be used for general corporate purposes including repayment or repurchase of the company's debt securities.
Further, Etsy noted that it may buy back additional shares pursuant to its existing stock repurchase program.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.