RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc.(NASDAQ: VRSN) announced that it has priced an offering of $550 million aggregate principal amount of 4.750% senior unsecured notes due 2027, which represents an increase in aggregate principal amount from the $450 million offering of notes previously announced. The Notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on July 5, 2017, subject to customary closing conditions.

The Notes will rank equally in right of payment to all of Verisign’s existing and future senior unsecured debt. Interest will be payable semi-annually at a rate of 4.750% per year for the Notes. The Notes will mature on July 15, 2027.

Verisign intends to use the proceeds from this offering for general corporate purposes, including, but not limited to, the repurchase of shares under its share repurchase program.

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.