VeriSign announced a registered public offering of $550 million in aggregate principal amount of its 5.100% Senior Notes due 2031. The offering is expected to close on June 26, 2026, generating estimated net proceeds of approximately $545 million. The company intends to use these proceeds, along with cash on hand, to redeem its existing $550 million of 4.750% Senior Notes due 2027.
Key Details
- Offering Details: $550 million aggregate principal amount of 5.100% Senior Notes, maturing in 2031.
- Use of Proceeds: The estimated net proceeds of $545 million, plus cash on hand, will be used to redeem all $550 million of the company's outstanding 4.750% Senior Notes due 2027.
- Key Parties & Timeline: The underwriting agreement was entered into on June 18, 2026, with an expected closing date of June 26, 2026. Underwriters include J.P. Morgan Securities LLC, BofA Securities, Inc., and U.S. Bancorp Investments, Inc.