DALLAS, Feb. 5, 2024 /PRNewswire/ -- Texas Instruments
Incorporated (TI) (Nasdaq: TXN) today announced the pricing of five
series of senior unsecured notes for an aggregate principal amount
of $3.0 billion. The notes consist of the following:
- $650 million of 4.600% senior
unsecured notes due February 8,
2027;
- $650 million of 4.600% senior
unsecured notes due February 8,
2029;
- $600 million of 4.850% senior
unsecured notes due February 8,
2034;
- $750 million of 5.150% senior unsecured notes due
February 8, 2054; and
- $350 million of 5.050% senior unsecured notes due
May 18, 2063.
The 5.050% notes due 2063 will be a further issuance of, and
form a single series with, the $1.2
billion aggregate principal amount of the existing 5.050%
notes due 2063 issued by TI on May 18,
2023. Each of the 4.600% notes due 2027, the 4.600% notes
due 2029, the 4.850% notes due 2034 and the 5.150% notes due 2054
will be a new issuance.
TI expects to use the net proceeds of this offering for general
corporate purposes. The offering is expected to close
on February 8, 2024.
BofA Securities, Inc.; Citigroup Global Markets Inc.; and Mizuho
Securities USA 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
BofA Securities, Inc., Attention: Prospectus Department,
NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, by phone:
(800) 294-1322; Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone: (800)
831-9146; or Mizuho Securities USA
LLC, Attention: Debt Capital Markets, 1271 Avenue of the Americas,
New York, New York 10020, by
phone: (866) 271-7403.
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
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SOURCE Texas Instruments Incorporated