VeriSign guiding $450 million 10-year notes to yield 4¾% to 5%, pricing Thursday

By Paul A. Harris

Portland, Ore., June 29 – VeriSign, Inc. plans to price a $450 million offering of 10-year senior notes (Ba1/BB+) in a quick-to-market transaction on Thursday, according to an investor.

Initial guidance has the deal coming to yield 4¾% to 5%, the source added.

JP Morgan Securities LLC has the helm for the Rule 144A and Regulation S offer.

The notes come with five years of call protection.

The Reston, Va.-based Internet security and services provider plans to use the proceeds for general corporate purposes including share repurchases.

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