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VeriSign offers 10-year notes talked at Treasuries plus 150 bps area
By Devika Patel and Cristal Cody
Knoxville, Tenn., May 24 – VeriSign, Inc. plans to issue dollar-denominated senior notes due June 15, 2031, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
The notes are talked with a yield equal to the Treasuries plus 150 basis points area, the source said.
The notes have a make-whole call feature until three months prior to maturity and then are callable at par.
The bookrunners are J.P. Morgan Securities LLC, BofA Securities, Inc. and U.S. Bancorp Investments Inc.
Proceeds will be used to redeem all of the company’s 4.625% senior notes due May 1, 2023 and for general corporate purposes.
The internet infrastructure services provider is based in Reston, Va.
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