Hollywood-based internet services firm J2 Global Inc. intends to sell $500 million in convertible senior notes. The general senior unsecured obligations will be available to qualified institutional investors through a private offering and will mature on Nov. 1, 2026.

J2 Global also plans to offer initial purchasers the option to buy up to an additional $50 million aggregate principal amount of the notes. The company said other terms, including initial conversion rate and interest rate, will be determined when the offer is priced.

J2 Global declined a request for comment.

The company’s stock dipped 3.1% following the Nov. 11 announcement.

J2 Global’s operations are divided into business cloud services and digital media. The company’s cloud segment focuses on selling business-to-business communications products, while its digital properties include IGN Entertainment Inc., Mashable Inc., and PC Magazine.

A portion of the proceeds from the note offering will be used to pay off the full outstanding balance on the senior secured credit facility of J2 Cloud Services, a subsidiary of J2 Global.

The remaining funds will be used for general corporate purposes, possibly including future acquisitions.