Juniper Networks Prices $500 Million Offering of Senior Notes
On February 24, 2016, Juniper Networks announced the pricing of an offering of $350 million aggregate principal amount of its 3.125 percent senior notes due 2019 and $150 million aggregate principal amount of its 4.5 percent senior notes due 2024. Wilson Sonsini Goodrich & Rosati represented Juniper in the transaction.
According to a Juniper press release, the company intends to use the net proceeds from the offering for general corporate purposes, which includes the repayment of $300 million aggregate principal amount of the company's outstanding 3.1 percent senior notes that mature on March 15, 2016, share repurchases, and payment of dividends under its program to return capital to shareholders and funding for working capital, capital expenditures, other corporate expenses, and the acquisition of products, technologies, or businesses.
The WSGR team that represented Juniper in the transaction included:
For more information, please see Juniper's press release.