secwatch.observer — SEC 8-K summary
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Issuer:     Gen Digital Inc. (GEN)
CIK:        0000849399
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001140361-25-014313
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gen Digital closes $82/sh MoneyLion acquisition with CVRs and $750M debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849399/000114036125014313/0001140361-25-014313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849399/000114036125014313/ef20047501_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-014313

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