Wix Announces Proposed Private Offering of $750 million of 0.00% Convertible Senior Notes due 2030
1. Wix plans to offer $750 million in convertible senior notes. 2. Funds from offering will support share repurchase and corporate expenses. 3. Capped call transactions aim to minimize potential share dilution. 4. Notes will have conversion options but bear no interest until 2030. 5. Market conditions may affect the timing and pricing of the offering.