M&A
confidence high
sentiment neutral
materiality 0.80
NortonLifeLock announces $1.2B senior notes offering to fund Avast acquisition
Gen Digital Inc.
- Company intends to offer $1.2B aggregate principal amount of Senior Notes in a private offering.
- Offering announced September 7, 2022 to help finance the previously announced acquisition of Avast plc.
- Filing includes audited Avast financials for FY2021/2020, unaudited H1 2022, and pro forma combined statements.
- Risk factors disclosed for Avast business, including cybersecurity, competition, and macroeconomic uncertainty.
- Notes offered only to QIBs and non-U.S. persons under Rule 144A and Regulation S.