DALLAS, May 11, 2023
/PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN)
today announced the pricing of three series of senior unsecured
notes for an aggregate principal amount of $1.6 billion. The
notes consist of the following:
- $200 million of 4.600% senior
unsecured notes due February 15,
2028;
- $200 million of 4.900% senior
unsecured notes due March 14, 2033;
and
- $1.2 billion of 5.050% senior
unsecured notes due May 18,
2063.
The 4.600% notes due 2028 and the 4.900% notes due 2033 will be
a further issuance of, and form a single series with, the
$500 million aggregate principal
amount of the existing 4.600% notes due 2028 issued by TI on
November 18, 2022, and the
$750 million aggregate principal
amount of the existing 4.900% notes due 2033 issued by TI on
March 14, 2023, respectively. The
5.050% notes due 2063 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 May
18, 2023.
J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC;
and U.S. Bancorp Investments, 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 J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, Attention: Prospectus Department, 1155 Long
Island Avenue, Edgewood, New York
11717, by phone: (866) 803-9204; Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, New York 10014, by
phone: (866) 718-1649; or U.S. Bancorp Investments, Inc., 214
N. Tryon Street, 26th
Floor, Charlotte, North Carolina 28202, by phone: (877)
558-2607.
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