Verisign Announces 3.25% Junior Subordinated Convertible Debentures Due 2037 to Pay Contingent Interest
February 15 2017 - 4:05PM
Business Wire
VeriSign, Inc. (NASDAQ: VRSN), a global leader in domain names
and internet security, announces that the upside trigger on its
3.25% junior subordinated convertible debentures due 2037 (CUSIP
Nos. 92343EAD4 and 92343EAC6) (the “Notes”) has been met for the
six-month interest payment period from Feb. 15, 2017, to Aug. 14,
2017. As a result, contingent interest will be paid on the Notes
for that six-month interest payment period. Contingent interest of
approximately $7.5 million on the $1.25 billion outstanding
principal amount of the Notes, or approximately $6.0099 per $1,000
principal amount of the Notes, will be paid on Aug. 15, 2017, to
the holders of record as of Aug. 1, 2017.
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 intelligence-driven Distributed Denial of Service
Protection, iDefense Security Intelligence and Managed DNS. To
learn more about what it means to be Powered by Verisign, please
visit Verisign.com.
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, the uncertainty of whether the
Company will be able to pay the contingent interest when it becomes
due and whether the aggregate amount of contingent interest payable
or the outstanding principal amount of the Notes will change
between the date of this announcement and the contingent interest
payment date. 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, 2015, 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/20170215006057/en/
VeriSign, Inc.Investor Relations:David Atchley,
703-948-4643datchley@verisign.comorMedia Relations:Deana Alvy,
703-948-4179dalvy@verisign.com
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