DALLAS, March 7,
2023 /PRNewswire/ -- (March 7,
2023) – Texas Instruments Incorporated (TI) (Nasdaq: TXN)
today announced the pricing of two series of senior unsecured notes
for an aggregate principal amount of $1.4
billion. The notes consist of the following:
- $750 million of 4.900% senior
unsecured notes due March 14, 2033;
and
- $650 million of 5.000% senior
unsecured notes due March 14,
2053.
TI expects to use the net proceeds of this offering for general
corporate purposes. The offering is expected to close on
March 14, 2023.
Barclays Capital Inc.; BofA Securities, Inc.; and MUFG
Securities Americas Inc. 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, by toll-free phone:
(888) 603-5847; BofA Securities, Inc., Attention: Prospectus
Department, NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte, North Carolina
28255-0001, by toll-free phone: (800) 294-1322; or MUFG Securities
Americas Inc., Attention: Capital Markets Group, 1221 Avenue of the
Americas, 6th Floor, New York, New
York 10020, by toll-free phone: (877) 649-6848.
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