Juniper Networks, Inc. Files a Registration Statement to Offer $500 Million of Convertible Subordinated Notes
Mountain View, CA - February 4, 2000 - Juniper Networks, Inc. (Nasdaq:JNPR), a leading provider of next-generation IP infrastructure systems, announced today that it has filed a registration statement to offer, subject to market and other conditions, $500 million of Convertible Subordinated Notes due February 15, 2007 in an underwritten offering.
The net proceeds of the offering will be for working capital and general corporate purposes. The company may also use a portion of the net proceeds to fund acquisitions of and strategic investments in complementary businesses, products, or technologies.
The offering is being lead managed by Goldman, Sachs & Co., with Credit Suisse First Boston, FleetBoston Robertson Stephens, Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, SG Cowen Securities Corporation, and Warburg Dillon Read LLC as co-managers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A copy of the Prospectus relating to the offering may be obtained from the Prospectus Department of Goldman, Sachs & Co., at 85 Broad Street, New York, NY 10004, 212-902-1000. You can also view the registration statement on the Internet at http://www.freeedgar.com.
About Juniper Networks, Inc.
Juniper Networks, Inc. is a leading provider of purpose-built systems that meet the scalability, performance, density, and compatibility requirements of rapidly evolving, optically enabled IP networks. The company's purpose-built systems provide new IP infrastructure solutions for the world's leading service providers. Juniper Networks service, manufacturing teams, and IP engineers work closely with customers to build and support customer networks. The company is headquartered in Mountain View, California.
Juniper Networks is a registered trademark of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks may be the property of their respective owners.
Actual results could differ materially from those anticipated in forward-looking statements in this release as a result of certain factors, including those set forth in the risk factors described in the Company's SEC filings, including its recent S-1 Registration Statement.