Gen Digital, a global cybersecurity firm known for its portfolio of digital safety brands, has announced the pricing of its $950m senior notes offering.
The company, listed on NASDAQ under the ticker GEN, provides cybersecurity, online privacy, and identity protection services to nearly 500 million users worldwide.
The $950m senior notes, carrying a 6.25% interest rate and maturing in 2033, were offered in a private placement. The offering is expected to close on 13 February 2025, subject to standard closing conditions. The notes were made available only to qualified institutional buyers under Rule 144A of the Securities Act and non-U.S. investors under Regulation S.
Gen Digital operates a suite of well-known cybersecurity brands, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. The company’s products are designed to safeguard users against digital threats, ensuring privacy and protection across multiple platforms.
The proceeds from this offering, along with existing cash reserves, will be used to repurchase all outstanding 5.00% senior notes due in 2025, covering accrued and unpaid interest.
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
Copyright © 2018 RegTech Analyst
