MOUNTAIN VIEW (dpa-AFX) - VeriSign, Inc. (VRSN) on Monday announced a proposed offering of $600 million aggregate principal amount of senior unsecured notes due 2023.
The timing, size and terms of the Notes are subject to market conditions and other factors.
The Notes will be offered and sold in a private placement to qualified institutional buyers.
Verisign said it plans to use the proceeds from the offering to repay in full the outstanding indebtedness under its existing revolving credit facility and the remaining amounts for general corporate purposes, including, but not limited to, the repurchase of shares under its share repurchase program.
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