Gen Digital Inc. announced that it has priced $950 million aggregate principal amount of its 6.25% senior notes due 2033, which were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The offering of the Notes is expected to close on February 13, 2025, subject to customary closing conditions. The company intend to use the net proceeds of this Notes Offering, together with cash on hand, to repurchase all of the outstanding 5.00% Senior Notes due 2025 and pay accrued and unpaid interest thereon.
The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
