On December 12, 2019, VeriSign, Inc. entered into a Credit Agreement among the company, any borrowing subsidiaries of the company that are from time to time made party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The New Credit Agreement replaced the Credit Agreement, dated as of March 31, 2015, among the Company, the borrowing subsidiaries party thereto, JPMorgan Chase Bank, N.A., as administrative agent, J.P. Morgan Europe Limited, as London agent, and the lenders party thereto (the “Terminated Credit Agreement”), which is further discussed in Item 1.02 below. The New Credit Agreement provides for a $200 million (the “Commitment Amount”) committed unsecured revolving credit facility (the “New Facility”), under which the Company and certain designated subsidiaries may be borrowers (the “Borrowers”). Loans may be extended in US dollars and certain specified alternative currencies. The New Facility includes a $35 million sublimit for the issuance of standby letters of credit for the account of any Borrower or any of its subsidiaries, a $50 million sublimit for swingline loans to the Borrowers, and a $50 million sublimit for loans in alternative currencies. The New Credit Agreement also provides the Company with the option to invite Lenders to bid to make loans to the Company at negotiated interest rates, which loans would utilize the available commitment under the New Facility.