Gen Announces Proposed Offering of Senior Notes

Core Viewpoint - Gen Digital Inc. is proposing to sell $1,100 million in senior notes due 2033 to repurchase existing senior notes and for general corporate purposes [1][2]. Company Overview - Gen Digital Inc. is a global leader in digital safety, offering a range of consumer brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner [5]. - The company aims to empower nearly 500 million users across more than 150 countries to live their digital lives safely and confidently [5]. Notes Offering Details - The proposed offering consists of senior notes that will not be registered under the Securities Act and will be offered only to qualified institutional buyers and non-U.S. investors [3]. - The net proceeds from the notes offering will be used to repurchase all outstanding 5.00% Senior Notes due 2025 and for general corporate purposes [2]. Regulatory Compliance - The offering is exempt from the registration requirements of the Securities Act, and the notes may not be offered or sold in the United States without registration or an applicable exemption [3][4].