Gen Digital (GEN) said late Thursday it priced a $950 million private offering of 6.25% senior notes due 2033.
The company said it expects to close the offering on Thursday.
Net proceeds from the offering along with cash on hand will be used to repurchase outstanding 5% senior notes due 2025 and pay accrued and unpaid interest, according to the company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.