debt
confidence high
sentiment neutral
materiality 0.55
NortonLifeLock issues $1.5B in senior notes: $900M at 6.750% due 2027, $600M at 7.125% due 2030
Gen Digital Inc.
- Issued $1.5B aggregate principal amount of senior notes: $900M 6.750% notes due 2027 and $600M 7.125% notes due 2030.
- Interest payable semiannually on March 31 and September 30, beginning March 31, 2023.
- Notes are guaranteed by subsidiaries LifeLock, Avira, and others.
- Company may redeem up to 40% of each tranche with equity offering proceeds at specified redemption prices.