Davis Polk advised the joint book-running managers and dealer managers in the transaction.
Juniper Networks, Inc. completed its $400 million aggregate principal amount of its 1.200% senior notes due 2025 and $400 million aggregate principal amount of its 2.000% senior notes due 2030.
In addition, Juniper Networks, Inc. executed its concurrent cash tender offers to purchase any and all of its outstanding 4.500% senior notes due 2024 and 4.350% senior notes due 2025. The concurrent cash tender offers will be funded with the proceeds of the notes offering, together with available cash.
Barclays, J.P. Morgan and Wells Fargo Securities acted as Dealer Managers for the Offer.
Headquartered in Sunnyvale, California, Juniper designs, develops and sells products and services for high-performance networks to enable customers to build scalable, reliable, secure and cost-effective networks for their businesses, while achieving agility and improved operating efficiency through automation.
The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Kimberly Wang and Paula Gergen. The tax team included counsel Kiara L. Rankin and associates Eitan Ulmer and Tomislava Dragicevic. Counsel Daniel F. Forester and associate Jay Frankel provided intellectual property advice.
Involved fees earner: Alan Denenberg – Davis Polk & Wardwell; Tomislava Dragicevic – Davis Polk & Wardwell; Daniel Forester – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Paula Gergen – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Eitan Ulmer – Davis Polk & Wardwell; Kimberly Wang – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;