Gen Digital Inc 8-K, filed Mar 5, 2020
Gen Digital Inc. (GEN)
About this 8-K
Gen Digital Inc filed this 8-K on March 5, 2020.
Items reported
- Item 8.01: Other events
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Item 8.01 Other Events.
On March 5, 2020, NortonLifeLock Inc. (the “Company”) entered into a Convertible Notes Purchase Agreement (the “Agreement”) with affiliates of Silver Lake Partners (“Silver Lake”), pursuant to which the Company agreed to repurchase $250,000,000 in aggregate principal amount of 2.50% convertible unsecured senior notes due 2022 (the “Note Repurchase”). Under the terms of the Agreement, the Company will pay Silver Lake, an aggregate of $569.4 million, representing $19.00 per underlying share into which the notes are convertible, accrued and unpaid interest through the date of settlement, and a portion of the cash dividend that was declared by the Company on February 6, 2020. The Note Repurchase is expected to settle on March 10, 2020.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NortonLifeLock Inc. | ||
| Date: March 5, 2020 | By: | /s/ Bryan Ko |
| Bryan Ko | ||
| General Counsel & Corporate | ||
| Secretary | ||