secwatch.observer — SEC 8-K summary
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Issuer:     Gen Digital Inc. (GEN)
CIK:        0000849399
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001104659-22-099111
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NortonLifeLock completes $5.97B cash-and-stock merger with Avast, expands board
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- Issued 94,201,223 shares and ~$5.97B in cash; Avast shareholders elected 36.5% stock option, 63.5% cash option.
- Board expanded to 10; Ondrej Vlček appointed President and director, Pavel Baudiš appointed director.
- Entered $9.1B credit facilities: $1.5B revolver, $3.91B Term A, $3.69B Term B; maturities 5-7 years.
- Priced $1.5B senior notes: $900M 6.750% notes due 2027 and $600M 7.125% notes due 2030.
- Avast delisted from London Stock Exchange; combined company to trade as NLOK until new name/ticker.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849399/000110465922099111/0001104659-22-099111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849399/000110465922099111/tm2225494d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-099111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer