07:45 AM EDT, 09/08/2025 (MT Newswires) -- Wix.com ( WIX ) said Monday it plans to offer $750 million in convertible senior notes due 2030 in a private offering.

The company said it expects to grant initial purchasers a 13-day option to buy up to an additional $112.5 million worth of notes.

Net proceeds from the offering would be used to pay the cost of capped call transactions, fund roughly $50 to $75 million of share repurchases, and for general corporate purposes, the company said.

The final terms of the offering, including conversion rate, will be determined at the time of pricing, Wix said.

Shares of Wix were down more than 2% in recent premarket activity Monday.