Fortinet plans to sell fixed-rate notes via four bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 24 – Fortinet Inc. plans to price dollar-denominated fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and then a par call.

BofA Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are the bookrunners.

Moody’s Investors Service has assigned a rating of Baa1 to the notes.

Proceeds will be used for general corporate purposes.

Based in Sunnyvale, Calif., Fortinet develops and sells cybersecurity solutions.

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