HomeAway has outlined plans to raise $350 million through a share sale.
HomeAway aims to raise $350m through share sale
HomeAway has outlined plans to raise $350 million through a share sale.
Part of the proceeds of the offering will go towards potential acquisitions and strategic transactions, the company said.
The details were outlined in a filing by the US-based holiday rentals firm to the Nasdaq market.
It plans to offer $350 million in convertible senior notes due in 2019 through a private placement.
The company also expects to grant the initial purchasers of the notes a 30-day option to buy up to an additional $52.5 million in notes to cover over-allotments.
HomeAway acquired Florida-based mobile guest management software developer Glad to Have You earlier this month.
HomeAway, founded in early 2005, operates websites listing holiday home rentals and employs more than 1,500 staff.