Wix.com Prices $1 Billion Debt Offering

BY MT Newswires | CORPORATE | 09/09/25 04:49 AM EDT

04:49 AM EDT, 09/09/2025 (MT Newswires) -- Wix.com (WIX) said late Monday it has priced a private offering of $1 billion of zero percent convertible senior notes due 2030 to qualified institutional buyers.

The offering was upsized from the initial size of $750 million, and the company said it granted initial purchasers a 13-day option to purchase up to $150 million additional amount of the notes.

Wix said it also entered into privately negotiated transactions through one of the initial purchasers or its affiliate for a concurrent share repurchase at $153.08 per Wix common share.

The company said proceeds from the offering will be used for certain capped call transactions, the concurrent repurchase of about 490,000 Wix common shares, and for general corporate purposes.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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