Gen Digital Inc. Announces Pricing of $950M Senior Notes Offering
TEMPE, Ariz. and PRAGUE, Feb. 13, 2025 /PRNewswire/ —
Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it has priced $950 million aggregate principal amount of its 6.25% senior notes due 2033 (the “Notes”), which were offered in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Gen Digital Inc., a company known for its commitment to providing innovative digital solutions, has made a significant move in the financial market with the pricing of $950 million in senior notes. This strategic decision marks a milestone for the company as it aims to strengthen its financial position and support its ongoing initiatives.
The 6.25% senior notes due 2033 offer investors an opportunity to participate in the company’s growth and success over the coming years. The Notes Offering, which is exempt from the registration requirements of the Securities Act of 1933, demonstrates Gen Digital Inc.’s confidence in its business prospects and outlook.
With its global reach and dedication to Digital Freedom, Gen Digital Inc. continues to be a driving force in the consumer technology industry. The company’s family of brands is known for delivering cutting-edge products and services that empower individuals to connect, create, and thrive in the digital world.
Overall, the pricing of the $950 million senior notes reflects Gen Digital Inc.’s commitment to innovation, growth, and value creation for its stakeholders. As the company continues to expand its presence and influence in the digital landscape, investors can look forward to exciting opportunities ahead.
How This Will Affect Me
As an investor, the pricing of $950 million in senior notes by Gen Digital Inc. presents an opportunity to potentially earn attractive returns through the 6.25% yield offered by the notes. By participating in the Notes Offering, you can support a leading global company dedicated to powering Digital Freedom and benefit from its growth and success in the future.
How This Will Affect the World
The pricing of $950 million in senior notes by Gen Digital Inc. signals the company’s continued expansion and influence on a global scale. As a leader in the consumer technology industry, Gen Digital Inc.’s commitment to innovation and Digital Freedom is likely to impact the world by driving progress, connectivity, and opportunities for individuals and communities worldwide.
Conclusion
Gen Digital Inc.’s pricing of $950 million in senior notes marks a significant step forward for the company as it solidifies its position as a global leader in the digital market. With a focus on innovation, growth, and value creation, Gen Digital Inc. is well-positioned to shape the future of consumer technology and empower individuals to embrace Digital Freedom.
