SUNNYVALE, Calif. — Feb. 28, 2011 — Juniper Networks (NASDAQ:JNPR, news, filings) today announced that it intends to offer, subject to market and other conditions, senior notes due 2016, senior notes due 2021 and senior notes due 2041 under a shelf registration statement on file with the Securities and Exchange Commission. The interest rate and other terms for each series of notes are to be determined by negotiations between Juniper and the underwriters.
Juniper intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, other corporate expenses, share repurchases and acquisitions of products, technologies or businesses.
Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated are acting as joint book-running managers.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes nor shall there be any sale of the senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The offering of senior notes is being made only by means of a preliminary prospectus supplement and an effective registration statement (including a prospectus) filed with the Securities and Exchange Commission. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from Barclays Capital Inc., c/o Broadridge Integrated Distribution Service, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling (888) 603-5847,or Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 or by calling (877) 858-5407, or Morgan Stanley & Co. Incorporated, Attention Prospectus Department, 180 Varick Street, New York, New York 10014 or by calling (866) 718-1649.
About Juniper Networks
Juniper Networks is in the business of network innovation. From devices to data centers, from consumers to cloud providers, Juniper Networks delivers the software, silicon and systems that transform the experience and economics of networking.
Juniper Networks and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The Juniper Networks and Junos logos are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Juniper will offer the senior notes or consummate the offering, the final terms of the offering, prevailing market conditions, the anticipated principal amount of the senior notes which could differ based upon market conditions, and the anticipated use of the proceeds of the offering which could change as a result of market conditions or for other reasons, interest rates and corporate considerations and the impact of general economic, industry or political conditions in the United States or internationally. Additional risks and uncertainties relating to the proposed offering, Juniper and its business can be found under the heading "Risk Factors" in Juniper's Annual Report on Form 10-K for the year ended December 31, 2010 and in the preliminary prospectus supplement relating to the proposed offering filed with the Securities and Exchange Commission.Juniper does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.