Juniper Networks $800 million notes offering with concurrent cash tender offers
12/10/2020

Davis Polk advised the joint book-running managers in connection with an offering by Juniper Networks, Inc. of $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.

Davis Polk is also advising the dealer managers in connection with Juniper Networks, Inc.’s 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.

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. Members of the Davis Polk team are based in the Northern California and New York offices.