debt
confidence high
sentiment neutral
materiality 0.55
Gen Digital issues $950M 6.25% notes due 2033 to refinance $1.1B 5.00% 2025 notes
Gen Digital Inc.
- Issued $950M aggregate principal of 6.250% Senior Notes due April 1, 2033.
- Net proceeds plus cash used to redeem all outstanding $1.1B 5.00% Senior Notes due 2025.
- Interest payable semi-annually on April 1 and October 1, starting October 1, 2025.
- Notes callable at treasury +50 bps before April 1, 2028; thereafter at specified prices.