RESTON, Va.--(BUSINESS WIRE)--
VeriSign, Inc. (NASDAQ: VRSN) ("Verisign") today announced the
commencement of an exchange offer for 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 will commence on August 16, 2017 and expire at 5:00 p.m.,
New York City time, on September 14, 2017.
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and not withdrawn prior to the expiration of the exchange offer at 5:00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 14, 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 Association
Global Corporate Trust Services
Attn:
Specialized Finance
111 Fillmore Ave. East
EP-MN-WS-2N
St.
Paul, MN 55107
Telephone: 1 (800) 934-6802
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170816006005/en/
VeriSign, Inc.
Investor Relations:
David Atchley, 703-948-4643
datchley@verisign.com
or
Media
Relations:
Deana Alvy, 703-948-4179
dalvy@verisign.com
Source: VeriSign, Inc.
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