Symantec $1.1 billion 5.00% notes issue

9/2/2017

Investment grade bond/note issue

Value:

$ 1.1 billion

Status:

Completed

Date:

9/2/2017

Overview:

Cybersecurity company Symantec has undertaken a $1.1 billion 5.00% notes issue.
Proceeds will go toward financing Symantec's acquisition of LifeLock.
The offering was made through both Rule 144a and Regulation S and the notes are due 2025.
Wells Fargo acted as trustee.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:

Fenwick & West

Party: Wells Fargo Bank (Trustee)

Lawyer: David Michaels

Simpson Thacher & Bartlett

Party: Symantec (Issuer)

Lawyers: Hui Lin, Ken Wallach

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