Juniper Networks, Inc. — Moody’s assigns Baa2 rating to Juniper Networks’ proposed debt issuance; outlook stable

Moody’s Investors Service, (“Moody’s”) assigned a Baa2 senior unsecured rating to Juniper Networks, Inc.’s (“Juniper”) proposed debt offering, the proceeds of which will be used to tender for its $500 million notes due 2024 and $300 million notes due 2025. With near term demand from service providers and cloud customers reasonably good as they re-architect networks to better manage the ongoing growth of data and video network traffic, we anticipate low single digit revenue growth over the intermediate term. Competitive product offerings will support adjusted EBITDA margins of 16% this fiscal year and over $400 million of free cash flow after dividends.