DALLAS, Sept. 7, 2021 /PRNewswire/ -- 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 at www.sec.gov or, in the alternative,
from Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at
Barclaysprospectus@broadridge.com, or by calling (888) 603-5847;
J.P. Morgan Securities LLC, Investment Grade Syndicate Desk, 383
Madison Avenue, New York, New York
10179, or by calling (212) 834-4533; MUFG Securities Americas Inc.,
Attention: Capital Markets Group, 1221 Avenue of
the Americas, 6th Floor, New York, New York 10020,
or by calling (877) 649-6848; BofA Securities, Inc., Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
Floor, Charlotte, North Carolina
28255, or by email at dg.prospectus_requests@bofa.com, or by
calling (800) 294-1322; Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, or by
email at prospectus@citi.com, or by calling (800) 831-9146; Mizuho
Securities USA LLC, Attention:
Debt Capital Markets, 1271 Avenue of the Americas, 3rd Floor,
New York, New York 10020, or by
calling (866) 271-7403; or Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by calling (866)
718-1649.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the notes or any other
securities, nor will there be any sale of the notes or any other
securities in any state or jurisdiction in which such an offer,
solicitation or sale is not permitted.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global
semiconductor company that designs, manufactures, tests and sells
analog and embedded processing chips for markets such as
industrial, automotive, personal electronics, communications
equipment and enterprise systems. Our passion to create a better
world by making electronics more affordable through semiconductors
is alive today, as each generation of innovation builds upon the
last to make our technology smaller, more efficient, more reliable
and more affordable – making it possible for semiconductors to
go into electronics everywhere. We think of this as Engineering
Progress. It's what we do and have been doing for decades.
TXN-G
View original content to download
multimedia:https://www.prnewswire.com/news-releases/texas-instruments-prices-1-5-billion-of-investment-grade-notes-301370821.html
SOURCE Texas Instruments Incorporated