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Issuer:
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VeriSign, Inc.
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Security:
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5.250% Senior Notes due 2032
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Anticipated Ratings (Moody’s/S&P)*:
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Baa3 / BBB
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Principal Amount:
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$500,000,000
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Maturity Date:
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June 1, 2032
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Interest Rate:
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5.250%
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Interest Payment Dates:
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June 1 and December 1, commencing June 1, 2025
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Public Offering Price:
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99.581% of principal amount
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Yield to Maturity:
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5.322%
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Spread to Benchmark Treasury:
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+ 125 bps
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Benchmark Treasury:
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UST 4.125% due February 29, 2032
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Benchmark Treasury Price / Yield:
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100-10 ¼ / 4.072%
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Make-Whole Call:
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T+20 bps prior to April 1, 2032
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Par Call:
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On or after April 1, 2032
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Change of Control Repurchase Event:
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Put @ 101% of principal plus accrued and unpaid interest
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Trade Date:
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March 4, 2025
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Settlement Date:
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T+5; March 11, 2025
We expect that delivery of the notes will be made against payment therefor on or about March 11, 2025, which is the fifth business
day following the date of pricing of the notes (such settlement cycle being referred to as “T+5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market
generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the business day immediately before settlement will be
required to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement and should consult their own advisors.
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Denominations/Multiple:
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$2,000 x $1,000
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CUSIP / ISIN:
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92343E AQ5 / US92343EAQ52
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Joint Book-Running Managers:
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J.P. Morgan Securities LLC
BofA Securities, Inc.
U.S. Bancorp Investments, Inc.
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Use of Proceeds:
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The Issuer intends to use the net proceeds from this offering, together with cash on hand, to repay its $500 million aggregate principal amount of 5.25% Senior Notes due 2025 upon their maturity on April 1, 2025.
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