SOURCE: Symantec


September 13, 2010 17:29 ET

Symantec Prices $1.1 Billion Senior Unsecured Note Offering

MOUNTAIN VIEW, CA--(Marketwire - September 13, 2010) -  Symantec Corporation (NASDAQ: SYMC) today announced the pricing of two series of its senior unsecured notes in an aggregate principal amount of $1.1 billion, in an underwritten, registered public offering. Of these notes, $350 million will mature on September 15, 2015, and will bear interest at an annual rate of 2.75 percent, and $750 million will mature on September 15, 2020, and will bear interest at an annual rate of 4.2 percent. The offering is expected to close on September 16, 2010, 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 repayment of Symantec's 0.75% Convertible Senior Notes due June 15, 2011, of which $1.1 billion in principal amount was outstanding as of July 2, 2010.

J.P. Morgan, Morgan Stanley and UBS Securities 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   Morgan Stanley & Co.   UBS Securities LLC
383 Madison Avenue   Incorporated   299 Park Avenue
New York, NY 10179   180 Varick Street   New York, NY 10171
Attn - Investment Grade   New York, New York 10014   Attention: Prospectus
Syndicate Desk   Attention: Prospectus   Department
212-834-4533   Department   877-827-6444 ext. 561 3884

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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