Symantec may repay $1.1 billion 0.75% convertibles with notes proceeds

By Jennifer Chiou

New York, Sept. 13 - Symantec Corp. may use proceeds from a planned senior notes offering to repay its $1.1 billion of 0.75% convertible senior notes due June 15, 2011, according to a 424B2 filing with the Securities and Exchange Commission.

The outstanding amount is as of July 2.

The company is planning $1.1 billion of senior notes in two tranches.

Remaining proceeds will go toward general corporate purposes.

Based in Mountain View, Calif., Symantec develops security, storage and systems management software.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.