SOURCE: Symantec


June 11, 2012 17:00 ET

Symantec Prices $1.0 Billion Senior Unsecured Note Offering

MOUNTAIN VIEW, CA--(Marketwire - Jun 11, 2012) - Symantec Corporation (NASDAQ: SYMC) today announced the pricing of two series of its senior unsecured notes in an aggregate principal amount of $1.0 billion, in an underwritten, registered public offering. Of these notes, $600 million will mature on June 15, 2017 and will bear interest at an annual rate of 2.75 percent, and $400 million will mature on June 15, 2022 and will bear interest at an annual rate of 3.95 percent. The offering is expected to close on June 14, 2012, subject to customary closing conditions.

Symantec intends to use the net proceeds of this offering, after deducting underwriting discounts and offering expenses, for general corporate purposes, which may include retirement or repayment of Symantec's 1.00% Convertible Senior Notes due June 15, 2013, of which $1.0 billion in principal amount was outstanding as of March 30, 2012.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering. The offering of the securities is being made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:

J.P. Morgan Securities LLC

383 Madison Avenue
New York, NY 10179
Attention: Investment Grade Syndicate Desk
(212) 834-4533

Merrill Lynch, Pierce, Fenner & Smith Incorporated

4 World Financial Center
New York, New York 10080
Attention: Prospectus Department
(800) 294-1322

Morgan Stanley & Co. LLC

180 Varick Street
New York, New York 10014
Attention: Prospectus Department
(866) 718-1649

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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