SUNNYVALE, Calif., Dec. 03, 2020 (GLOBE NEWSWIRE) — Juniper Networks, Inc. (NYSE: JNPR) (“Juniper”), a pacesetter in safe, AI-driven networks, has priced an underwritten public providing of $400 million of 1.200% Senior Notes due 2025 (the “2025 Notes”) and $400 million of two.000% Senior Notes due 2030 (the “2030 Notes” and, along with the 2025 Notes, the “Notes”). The providing is anticipated to shut on December 10, 2020, topic to the satisfaction of customary closing situations. The 2025 Notes had been issued at 99.976% of par value, bear curiosity at an annual price of 1.200% and can mature on December 10, 2025. The 2030 Notes had been issued at 99.811% of par value, bear curiosity at an annual price of two.000% and can mature on December 10, 2030.
Juniper estimates that the online proceeds of the sale of the Notes, after deducting the underwriter low cost and estimated providing bills payable by Juniper, will probably be roughly $792.Four million. Juniper expects to make use of the online proceeds from the providing of the Notes, along with cash available, to buy all of its excellent 4.500% Senior Notes due 2024 and 4.350% Senior Notes due 2025 (collectively, the “Existing Notes”) which might be accepted for buy pursuant to a young provide introduced by Juniper on December 3, 2020. To the extent that any of the excellent Present Notes aren’t tendered and accepted within the tender provide, Juniper expects to redeem all such Present Notes remaining excellent after the tender provide is accomplished.
Barclays, J.P. Morgan, Wells Fargo Securities, (BofA) Securities and Citigroup are performing as joint book-running managers for the providing, and Credit score Suisse, HSBC and Mizuho Securities are performing as co-managers for the providing.
The providing of the Notes was made beneath an efficient shelf registration assertion filed with the Securities and Trade Fee (the “SEC”). A duplicate of the prospectus complement and accompanying prospectus referring to the providing of the Notes will probably be filed with the SEC and may be obtained without charge by visiting the EDGAR database on the SEC’s web site at www.sec.gov. Alternatively, copies of the prospectus complement and the accompanying prospectus referring to the providing of the Notes may be obtained, when out there, by contacting Barclays at (888) 603-5847 (toll-free), J.P. Morgan at (212) 834-4533 or Wells Fargo Securities at (800) 645-3751 (toll-free).
This press launch shall not represent a suggestion to promote or a solicitation of a suggestion to buy the Notes or another securities (together with, with out limitation, any notes topic to the tender provide introduced on December 3, 2020) and shall not represent a suggestion, solicitation or sale in any state or jurisdiction through which such a suggestion, solicitation or sale could be illegal.
Protected Harbor Assertion
This information launch incorporates forward-looking statements, together with statements concerning the meant use of the proceeds from and anticipated deadline of the Notes providing. We’ve got primarily based these forward-looking statements on our present assumptions, expectations and projections about future occasions. We use phrases like “intend,” “will,” and comparable expressions to determine forward-looking statements, though not all forward-looking statements include these phrases. These forward-looking statements are primarily based on present expectations, forecasts and assumptions that contain dangers and uncertainties that would trigger precise outcomes and outcomes to vary materially from these recommended by the forward-looking statements, together with basic financial and political situations globally or regionally; dangers associated to the providing of the Notes; and people extra dangers and components mentioned in reviews filed with the SEC by us on occasion, together with these mentioned beneath the heading “Risk Factors” in our most lately filed reviews on Varieties 10-Okay and 10-Q.
About Juniper Networks
Juniper Networks challenges the inherent complexity that comes with networking within the multicloud period. We do that with merchandise, options and companies that rework the best way individuals join, work and dwell. We simplify the method of transitioning to a safe and automated multicloud setting to allow safe, AI-driven networks that join the world.
Juniper Networks, the Juniper Networks emblem and Junos are registered logos of Juniper Networks, Inc. and/or its associates in the US and different nations. Different names may be logos of their respective homeowners.