debt
confidence high
sentiment neutral
materiality 0.55
VeriSign issues $500M of 5.250% Senior Notes due 2032 to refinance maturing debt
VERISIGN INC/CA
- Offering of $500M aggregate principal of 5.250% Senior Notes due 2032.
- Net proceeds ~$493.3M after underwriter discounts and expenses.
- Proceeds, with cash on hand, will repay $500M of 5.250% notes maturing April 1, 2025.
- Underwriting agreement with J.P. Morgan, BofA Securities, and U.S. Bancorp Investments.
- Offering closed March 11, 2025; registered under Form S-3.