Loan & DebtJun 26, 2026, 04:27 PM
VeriSign Issues $550M 5.100% Senior Notes Due 2031
AI Summary
VeriSign, Inc. announced the completion of a registered offering for $550 million in aggregate principal amount of its 5.100% Senior Notes due 2031. The notes were issued under an indenture with U.S. Bank Trust Company, National Association, and will accrue interest payable semi-annually. These notes are senior unsecured obligations of the company and include customary covenants and events of default, as well as provisions for redemption and repurchase upon a change of control.
Key Highlights
- VeriSign completed a registered offering of $550 million aggregate principal amount of senior notes.
- The notes carry an interest rate of 5.100% per annum.
- The senior notes will mature on July 15, 2031.
- Interest will be paid semi-annually on January 15 and July 15, starting January 15, 2027.
- The notes are senior unsecured obligations, ranking equally with other senior indebtedness.
- The company is required to offer to repurchase notes at 101% of principal upon a change of control.
Price Impact
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