Verisign Extends Registered Exchange Offer for Its 4.750% Senior Notes Due 2027
September 14 2017 - 6:50PM
Business Wire
VeriSign, Inc. (“Verisign”) (NASDAQ: VRSN) today announced the
extension of its offer to exchange all of its outstanding 4.750%
Senior Notes due July 15, 2027 (the “Original Notes”), which are
not registered under the Securities Act of 1933, as amended (the
“Act”), for an equal principal amount of its 4.750% Senior Notes
due July 15, 2027, which have been registered under the Act (the
“Exchange Notes”). The exchange offer, which was scheduled to
expire at 5:00 p.m., New York City time, on September 14, 2017, has
been extended until 5:00 p.m., New York City time, on September 19,
2017, unless further extended by the Company.
Based on information provided by U.S. Bank National Association,
the exchange agent for the exchange offer, as of September 14,
2017, at 5:00 p.m., $549,984,000 aggregate principal amount of the
outstanding Original Notes had been validly tendered for exchange
and not validly withdrawn, representing approximately 99.997% of
the outstanding Original Notes.
The Exchange Notes are substantially identical to the Original
Notes, except that the Exchange Notes have been registered under
the Act and will not bear any legend restricting their
transfer.
Verisign will accept for exchange any Original Notes validly
tendered and not withdrawn prior to the expiration of the exchange
offer at 5:00 p.m., New York City time on September 19, 2017,
unless the exchange offer is extended or terminated.
The terms of the exchange offer and other information relating
to Verisign are set forth in a prospectus dated August 16, 2017. A
written prospectus providing the terms of the exchange offer may be
obtained from U.S. Bank National Association, which is serving as
the exchange agent for the exchange offer. U.S. Bank National
Association can be contacted at:
U.S. Bank National AssociationGlobal Corporate
Trust ServicesAttn: Specialized Finance111 Fillmore Ave.
EastEP-MN-WS-2NSt. Paul, MN 55107Attn: Specialized
FinanceTelephone: 1 (800) 936-6802
This announcement does not constitute an offer to purchase any
securities or the solicitation of an offer to sell any securities.
The exchange offer is being made only pursuant to the prospectus
dated August 16, 2017 and the related letter of transmittal and
only to such persons and in such jurisdictions as is permitted
under applicable law.
About Verisign
Verisign, a global leader in domain names and internet security,
enables internet navigation for many of the world’s most recognized
domain names and provides protection for websites and enterprises
around the world. Verisign ensures the security, stability and
resiliency of key internet infrastructure and services, including
the .com and .net domains and two of the internet’s root servers,
as well as performs the root zone maintainer function for the core
of the internet’s Domain Name System (DNS). Verisign’s Security
Services include Distributed Denial of Service Protection and
Managed DNS.
VRSNF
Statements in this announcement other than historical data and
information constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 as amended and
Section 21E of the Securities Exchange Act of 1934 as amended.
These statements involve risks and uncertainties that could cause
our actual results to differ materially from those stated or
implied by such forward-looking statements. The potential risks and
uncertainties include, among others, whether the U.S. Department of
Commerce will approve any exercise by us of our right to increase
the price per .com domain name, under certain circumstances, the
uncertainty of whether we will be able to demonstrate to the U.S.
Department of Commerce that market conditions warrant removal of
the pricing restrictions on .com domain names and the uncertainty
of whether we will experience other negative changes to our pricing
terms; the failure to renew key agreements on similar terms, or at
all; new or existing governmental laws and regulations in the U.S.
or other applicable foreign jurisdictions; system interruptions,
security breaches, attacks on the internet by hackers, viruses, or
intentional acts of vandalism; the uncertainty of the impact of
changes to the multi-stakeholder model of internet governance;
changes in internet practices and behavior and the adoption of
substitute technologies; the success or failure of the evolution of
our markets; the operational and other risks from the introduction
of new gTLDs by ICANN and our provision of back-end registry
services; the highly competitive business environment in which we
operate; whether we can maintain strong relationships with
registrars and their resellers to maintain their marketing focus on
our products and services; challenging global economic conditions;
economic, legal and political risk associated with our
international operations; our ability to protect and enforce our
rights to our intellectual property and ensure that we do not
infringe on others’ intellectual property; the outcome of legal or
other challenges resulting from our activities or the activities of
registrars or registrants, or litigation generally; the impact of
our new strategic initiatives, including our IDN gTLDs; whether we
can retain and motivate our senior management and key employees;
the impact of unfavorable tax rules and regulations; and our
ability to continue to reinvest offshore our foreign earnings. More
information about potential factors that could affect our business
and financial results is included in our filings with the SEC,
including in our Annual Report on Form 10-K for the year ended Dec.
31, 2016, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. Verisign undertakes no obligation to update any of the
forward-looking statements after the date of this announcement.
©2017 VeriSign, Inc. All rights reserved. VERISIGN, the VERISIGN
logo, and other trademarks, service marks, and designs are
registered or unregistered trademarks of VeriSign, Inc. and its
subsidiaries in the United States and in foreign countries. All
other trademarks are property of their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170914006484/en/
VeriSign, Inc.Investor Relations:David Atchley,
703-948-4643datchley@verisign.comorMedia Relations:Deana Alvy,
703-948-4179dalvy@verisign.com
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