VeriSign to pay contingent interest on 3.25% convertibles on Aug. 1

By Tali Rackner

Minneapolis, Feb. 16 – 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 was met for the six-month interest payment period from Feb. 15 to Aug. 14, 2018, according to a news release.

As a result, contingent interest of about $10.1 million will be paid on the notes for that six-month period. Holders of record as of Aug. 1 will receive contingent interest of $8.0728 per $1,000 principal amount on Aug. 15.

The internet infrastructure services provider is based in Reston, Va.

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