Loan & DebtJun 26, 2026, 09:21 AM
VeriSign Issues $550M Senior Notes to Redeem Existing Debt
AI Summary
VeriSign, Inc. announced an offering of $550 million aggregate principal amount of 5.100% Senior Notes due 2031. The company expects to receive approximately $545 million in net proceeds from the offering. These proceeds, combined with cash on hand, will be used to fund the redemption of its existing $550 million aggregate principal amount of 4.750% Senior Notes due 2027. The offering is anticipated to close on June 26, 2026.
Key Highlights
- VeriSign entered an underwriting agreement for $550 million aggregate principal amount of 5.100% Senior Notes due 2031.
- The offering is expected to generate approximately $545 million in net proceeds.
- Proceeds will be used to redeem $550 million aggregate principal amount of outstanding 4.750% Senior Notes due 2027.
- The offering is expected to close on June 26, 2026.
Price Impact
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