Gen Digital Inc. has completed its acquisition of MoneyLion Inc. in a cash and stock-tied transaction valued at $82 per share, along with a contingent value right (CVR) for each share.

The merger, finalized on April 17, 2025, makes MoneyLion a wholly owned subsidiary of Gen Digital.

As part of the agreement, MoneyLion shareholders received $82 in cash and one CVR per share, which may convert into Gen Digital stock if certain price conditions are met within two years. The deal was financed in part through a $750 million term loan secured by Gen Digital.

Following the merger, MoneyLion’s stock was delisted, and all outstanding equity awards were either converted, cashed out, or cancelled depending on their terms. The acquisition is intended to enhance Gen Digital’s expansion into digital financial services.

Gen Digital Inc. filed a Form 8-K on February 28, 2025, announcing the issuance of $950 million in 6.250% Senior Notes due 2033. The notes were issued in a private placement and will bear interest payable semi-annually starting on October 1, 2025. They mature on April 1, 2033.

The company used the proceeds, along with cash on hand, to repurchase all of its outstanding 5.00% Senior Notes due 2025 and pay accrued interest. The notes were issued under an indenture agreement with Computershare Trust Company as the trustee, and the company retains the right to redeem some or all of them under certain conditions, with redemption prices varying based on timing.

In case of default or bankruptcy, noteholders can demand immediate repayment. The notes were only offered to institutional buyers under Rule 144A and to non-U.S. investors under Regulation S. They are not registered under the Securities Act and cannot be publicly offered in the United States.

The filing includes a supplemental indenture outlining the terms of the notes.

Gen Digital Inc. (NASDAQ: GEN) reported strong third-quarter fiscal year 2025 results, with revenue reaching $986 million, a 4% year-over-year increase. GAAP operating income rose 13% to $374 million, and the operating margin expanded to 38%, up 3 percentage points. GAAP diluted earnings per share (EPS) increased 18% to $0.26, while non-GAAP EPS grew 15% to $0.56.

The company attributed its growth to the increasing demand for cybersecurity and identity protection solutions amid rising financial fraud and online scams. Gen’s bookings reached $1.036 billion, up 3%, and operating cash flow improved by 3% to $326 million.

Looking ahead, Gen raised its fiscal year 2025 guidance, now expecting revenue between $3.915 billion and $3.930 billion, slightly above previous estimates. The full-year non-GAAP EPS forecast was also increased to a range of $2.20 to $2.22. For the fourth quarter, Gen anticipates revenue between $990 million and $1.005 billion, with non-GAAP EPS in the $0.57 to $0.59 range.

The company’s board approved a quarterly cash dividend of $0.125 per share, payable on March 12, 2025. CEO Vincent Pilette emphasized Gen’s commitment to providing robust cybersecurity solutions to protect consumers’ digital and financial lives, while CFO Natalie Derse highlighted strong execution and strategic investments as key factors driving sustainable, long-term growth.