Gen Announces Pricing of $950,000,000 of Senior Notes

Core Viewpoint - Gen Digital Inc. has announced the pricing of $950 million in senior notes with a 6.25% interest rate, due in 2033, as part of a private offering exempt from registration under the Securities Act [1][2]. Group 1: Offering Details - The offering of the senior notes is expected to close on February 13, 2025, pending customary closing conditions [2]. - The net proceeds from this offering will be used to repurchase all outstanding 5.00% Senior Notes due 2025 and to pay accrued and unpaid interest on those notes [2]. Group 2: Regulatory Compliance - The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and they will not be registered under the Securities Act [3]. - The offering does not constitute an offer to sell or a solicitation to buy any security in jurisdictions where such actions would be unlawful [4]. Group 3: Company Overview - Gen Digital Inc. is a global leader in cybersecurity and digital safety, providing services through brands like Norton, Avast, and LifeLock, serving nearly 500 million users across more than 150 countries [5].