Texas Instruments Incorporated (TI) (Nasdaq: TXN) today announced the pricing of three series of senior unsecured notes for an aggregate principal amount of $1.5 billion. The notes consist of the following:
- $500 million of 1.125% senior unsecured notes due September 15, 2026;
- $500 million of 1.900% senior unsecured notes due September 15, 2031; and
- $500 million of 2.700% senior unsecured notes due September 15, 2051.
TI expects to use the net proceeds of this offering for general corporate purposes. The offering is expected to close on September 15, 2021.
Barclays Capital Inc.; J.P. Morgan Securities LLC; MUFG Securities Americas Inc.; BofA Securities, Inc.; Citigroup Global Markets Inc.; Mizuho Securities USA LLC; and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering.
The offering of the notes is made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the Securities and Exchange Commission website and other book-running managerial firms mentioned above.
