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VeriSign to pay contingent interest on 3.25% convertibles on Feb. 15
By Marisa Wong
Morgantown, W.Va., Aug. 15 – VeriSign, Inc. said it will pay contingent interest on its $1.25 billion outstanding 3.25% junior subordinated convertible debentures due 2037.
The upside trigger on the convertibles has been met for the six-month interest payment period from Aug. 15 to Feb. 14, according to a news release.
As a result, contingent interest of about $7.7 million will be paid on the notes for that six-month period. Holders of record as of Feb. 1 will receive contingent interest of $6.1750 per $1,000 principal amount on Feb. 15.
The internet infrastructure services provider is based in Reston, Va.
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