---
schema_version: "secwatch.filing_event.v1"
accession: "0001014473-23-000040"
form_type: "8-K"
ticker: "VRSN"
cik: "0001014473"
company_name: "VERISIGN INC/CA"
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:22:40.425610+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# VeriSign enters $200M revolving credit facility expiring Dec 2028, replacing prior credit agreement

## Summary
- New $200M unsecured revolving credit facility matures Dec 6, 2028, with two optional one-year extensions.
- Facility replaces existing $200M credit agreement dated Dec 12, 2019; no material early termination penalties.
- Proceeds for working capital, acquisitions, stock repurchases, capex, and general corporate purposes.
- Covenant limits leverage ratio to 4.00x (up to 4.50x for four quarters after a $500M+ acquisition).
- Company may request up to $150M increase in commitments during the term.

## SEC filing metadata
- accession: 0001014473-23-000040
- form_type: 8-K
- ticker: VRSN
- cik: 0001014473
- company_name: VERISIGN INC/CA
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014473/000101447323000040/0001014473-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014473/000101447323000040/vrsn-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001014473-23-000040
- JSON: https://secwatch.observer/filing/0001014473-23-000040.json
- Plain text: https://secwatch.observer/filing/0001014473-23-000040.txt

## Key facts
- Debt Financings
  VERISIGN INC/CA incurred revolving credit of $200 million with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR rate plus a margin of between 1.00% and 1.625% maturing December 6, 2028.
  - Instrument: revolving credit
  - Principal: $200 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Adjusted Term SOFR rate plus a margin of between 1.00% and 1.625%
  - Maturity: December 6, 2028
  - Event: incurrence
  source text: administrative agent, and the lenders party thereto (the “ Terminated Credit Agreement ”), which is further discussed in Item 1.02 below. The New Credit Agreement provides for a $200 million (the “ Commitment Amount ”) committed unsecured revolving credit facility (the “ New Facility ”), under which the Company and certain designated subsidiaries may be borrowers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014473/000101447323000040/0001014473-23-000040-index.htm
- Material Agreements
  VERISIGN INC/CA terminated "Terminated Credit Agreement" with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2023-12-06).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Effective: 2023-12-06
  source text: The New Credit Agreement replaced the Credit Agreement, dated as of December 12, 2019, among the Company, the borrowing subsidiaries party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the “ Terminated Credit Agreement ”), which is further discussed in Item 1.02 below.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014473/000101447323000040/0001014473-23-000040-index.htm
- Material Agreements
  VERISIGN INC/CA entered into "New Credit Agreement" with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $200 million (effective 2023-12-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Value: $200 million
  - Effective: 2023-12-06
  source text: On December 6, 2023, VeriSign, Inc. (the “ Company ”) entered into a Credit Agreement (the “ New Credit Agreement ”) among the Company, any borrowing subsidiaries of the Company that are from time to time made party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), and the lenders party thereto (the “ Lenders ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014473/000101447323000040/0001014473-23-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.