UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 8, 2021
VERISIGN, INC.
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation)
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000-23593
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94-3221585
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(Commission File Number)
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(IRS Employer Identification No.)
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12061 Bluemont Way,
Reston, Virginia
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20190
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(Address of principle executive offices)
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(Zip Code)
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(703) 948-3200
(Registrant’s Telephone Number, Including Area Code)
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.001 Par Value Per Share
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VRSN
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Nasdaq Global Select Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01. |
Entry Into Material Definitive Agreement.
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On June 8, 2021, VeriSign, Inc. (the “Company”) completed a registered offering (the “Offering”) of $750,000,000 aggregate principal amount of the
Company’s 2.700% Senior Notes due 2031 (the “Notes”). The Offering has been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a registration statement on Form S-3 (Registration No. 333-256347) of the
Company (the “Registration Statement”), and the prospectus supplement dated May 24, 2021 and filed with the Securities and Exchange Commission pursuant to Rule 424(b) of the Securities Act on May 26, 2021 (the “Prospectus Supplement”).
The Notes were issued pursuant to an Indenture (the “Base Indenture”), dated as of June 8, 2021, between the Company and U.S. Bank National
Association, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), dated as of June 8, 2021, between the Company and the Trustee. The
Notes are represented by global notes, a form of which is included as an exhibit to the Supplemental Indenture.
The Notes accrue interest at a rate per annum equal to 2.700% and will mature on June 15, 2031 unless redeemed or repurchased prior to that date.
Interest on the Notes will be payable semi-annually in cash in arrears on June 15 and December 15 of each year, commencing December 15, 2021. The Notes are the Company’s senior unsecured obligations and rank equally in right of payment with all of
its other senior indebtedness and senior to all of its future indebtedness that is expressly subordinated in right of payment to the Notes.
The Indenture contains covenants that, among other things, restrict the Company’s ability and the ability of certain of its subsidiaries to create or
assume liens, enter into sale and leaseback transactions, and restrict the Company’s ability to engage in mergers or consolidations or sell, lease or transfer all or substantially all of its property and assets, subject in each case to certain
qualifications and exceptions.
Under the Indenture, the Company is required to offer to repurchase the Notes at a price equal to 101% of their principal amount, plus accrued and
unpaid interest, upon the occurrence of a change of control repurchase event.
The Indenture includes customary events of default, including payment defaults and certain events of bankruptcy, insolvency, or reorganization.
Under the Indenture, the Company may redeem some or all of the Notes at any time or from time to time prior to March 15, 2031 at a specified
“make-whole” premium described in the Indenture. The Company also has the option at any time or from time to time on or after March 15, 2031 to redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of
the Notes to be redeemed, plus accrued and unpaid interest thereon to the redemption date, as more fully described in the Indenture. A copy of the Base Indenture is filed as Exhibit 4.1 to this Current Report on Form 8-K, and a copy of the
Supplemental Indenture is filed as Exhibit 4.2 to this Current Report on Form 8-K. The descriptions of the terms of the Base Indenture and the Supplemental Indenture in this Item 1.01 are qualified in their entirety by reference to such exhibits.
| Item 9.01. |
Financial Statements and Exhibits.
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Exhibit No.
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Description
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Indenture, dated as of June 8, 2021, between VeriSign, Inc. and U.S. Bank National Association, as trustee
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First Supplemental Indenture, dated as of June 8, 2021, between VeriSign, Inc. and U.S. Bank National Association, as trustee
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Exhibit 104
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Inline XBRL for the cover page of this Current Report on Form 8-K
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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.
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VERISIGN, INC.
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/s/ Thomas C. Indelicarto
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Thomas C. Indelicarto
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Executive Vice President, General Counsel and Secretary
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Dated: June 8, 2021