Gen Digital Inc. (GEN): M&A transaction — Gen Digital closes $82/sh MoneyLion acquisition with CVRs and $750M debt

Gen Digital Inc.

Per share: $82.00 cash plus CVR; CVR pays up to $23.00 in GEN stock if 30-day avg VWAP >= $37.50.
Funded $750M incremental Term B Loans due 2032 at SOFR+1.75%; quarterly amortization 0.25%.
MoneyLion equity awards converted to GEN RSUs or cashed out; accelerated vesting for four executives.
Merger closed April 17, 2025; MoneyLion now wholly owned subsidiary of Gen Digital.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Gen Digital Inc. incurred term loan of $750 million with Bank of America, N.A., as administrative agent at SOFR, plus a 1.75% margin maturing April 16, 2032.

Instrument: term loan
Principal: $750 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: SOFR, plus a 1.75% margin
Maturity: April 16, 2032
Event: incurrence

Exact text from the filing

Pursuant to the Amendment, Gen Digital incurred $750 million in Incremental Term B Loans

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Gen Digital Inc. completed an acquisition involving MoneyLion Inc. for $82.00, without interest thereon, and one contingent value right (closed 2025-04-17).

Action: acquisition
Counterparty: MoneyLion Inc.
Consideration: $82.00, without interest thereon, and one contingent value right
Closing: 2025-04-17

Exact text from the filing

rights were properly exercised in accordance with Delaware law) was automatically cancelled, extinguished and converted into the right to receive cash in an amount equal $82.00, without interest thereon, and one contingent value right issued by Gen Digital subject to and in accordance with the CVR Agreement (a “CVR”) (collectively, the “Merger

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

Gen Digital Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-014313

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.