Analog Devices Announces Offering and Pricing of Senior Notes
03 Dicembre 2015 - 10:52PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI), a global leader in
high-performance semiconductors for signal processing applications,
today announced it has priced an offering of $850 million aggregate
principal amount of 3.90% senior unsecured notes due December 15,
2025 and $400 million aggregate principal amount of 5.30% senior
unsecured notes due December 15, 2045. The offering is being
conducted pursuant to an effective registration statement under the
Securities Act of 1933.
Analog Devices intends to use approximately $378 million of the
net proceeds from this offering to fund the redemption of $375
million aggregate principal amount of its 3.00% senior unsecured
notes due 2016 on December 18, 2015, the redemption date selected
by Analog Devices. The Company intends to use the remaining net
proceeds from this offering for general corporate purposes, which
may include capital expenditures, repurchases of common stock under
its stock repurchase program, repayment or refinancing of existing
indebtedness, dividend payments and potential acquisitions. This
offering is expected to close on December 14. 2015.
The joint book-running managers for the offering are J.P. Morgan
Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Credit Suisse Securities (USA) LLC, and Morgan
Stanley & Co. LLC. The co-managers are Deutsche Bank Securities
Inc., Wells Fargo Securities, LLC, and BNY Mellon Capital Markets,
LLC.
Analog Devices, Inc. has filed a registration statement
(including a prospectus) with the SEC for the offering to which
this communication relates. Before you invest, you should read
these documents and other documents Analog Devices, Inc. has filed
with the SEC for more complete information about Analog Devices,
Inc. and this offering. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
Analog Devices, Inc. or any underwriter or dealer participating in
the offering will arrange to send you the prospectus if you request
it by calling J.P. Morgan Securities LLC (collect) at
1-212-834-4533; Merrill Lynch, Pierce, Fenner & Smith
Incorporated toll-free at 1-800-294-1322; or Credit Suisse
Securities (USA) LLC toll-free at 1-800-221-1037.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
About Analog Devices
Analog Devices designs and manufactures semiconductor products
and solutions. We enable our customers to interpret the world
around us by intelligently bridging the physical and digital with
unmatched technologies that sense, measure and connect.
This release may be deemed to contain forward-looking statements
regarding future events and our future results that are subject to
the safe harbor created under Private Securities Litigation Reform
Act of 1995 and other safe harbors under the Securities Act of 1933
(the “Securities Act”) and the Securities Exchange Act of 1934 (the
“Exchange Act”). All statements other than statements of historical
fact are statements that could be deemed forward-looking
statements, including statements relating to the offering of the
notes and the use of proceeds therefrom. These statements are based
on current expectations, estimates, forecasts, and projections
about the industries in which we operate and the beliefs and
assumptions of our management. You are cautioned that these
forward-looking statements are only predictions and are subject to
risks, uncertainties and assumptions that are difficult to predict.
You should pay particular attention to the important risk factors
and cautionary statements referenced in the “Risk Factors” section
of the prospectus related to the offering referenced above, as well
as the risk factors and cautionary statements described in the
other documents we file from time to time with the SEC,
specifically our Annual Report on Form 10-K, our Quarterly Reports
on Form 10-Q and our Current Reports on Form 8-K. Actual results
may differ materially and adversely from those expressed in any
forward-looking statements. We undertake no obligation to revise or
update any forward-looking statements, except to the extent
required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20151203006347/en/
Analog Devices, Inc.Ali Husain, 781-461-3282Treasurer and
Director of Investor
Relationsinvestor.relations@analog.com781-461-3491 (fax)
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