Juniper raising $350M in debt as buybacks accelerate

|About: Juniper Networks (JNPR)|By:, SA News Editor

Juniper (JNPR +0.4%) is offering $350M worth of senior notes due 2024. The company says the proceeds will be used for "general corporate purposes," which could include buybacks or acquisitions (among other things).

Juniper is only a week removed from promising to spend $2B+ on buybacks through Q1 2015, with $1.2B being spent via an accelerate share repurchase deal.

The company had $4.1B in cash/investments at the end of Q4 to go with $999M in debt, but a large chunk of that cash is offshore.