Juniper Networks, Inc. $500 Million Notes Offering with Concurrent Cash Tender Offer

Davis Polk advised the joint book-running managers in connection with an offering by Juniper Networks, Inc. of $500 million aggregate principal amount of its 3.750% notes due 2029.

Davis Polk is also advising the dealer managers in connection with Juniper Networks, Inc.’s concurrent cash tender offer to purchase any and all $600 million aggregate principal amount of its outstanding 3.300% notes due 2020 and 4.600% notes due 2021. The concurrent cash tender offer will be funded with the proceeds of the notes offering, together with available cash.

Headquartered in Sunnyvale, California, Juniper designs, develops and sells products and services 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 associate Kimberly Wang. The tax team included partner Rachel D. Kleinberg and associate Nicole A. Dressler. Associate Jay Frankel provided intellectual property and technology advice. The regulatory team included counsel Jeanine P. McGuinness and Jordan Leigh Smith. Members of the Davis Polk team are based in the Northern California, New York and Washington DC offices.