Texas Instruments prices $1.0 billion of investment grade notes
DALLAS, May 1, 2013
DALLAS, May 1, 2013 /PRNewswire/ -- Texas Instruments Incorporated (TI)
(NASDAQ: TXN) today announced the pricing of two series of senior unsecured
notes for an aggregate principal amount of $1.0 billion. The notes consist of
o$500 million of 1.00% notes due May 1, 2018
o$500 million of 2.25% notes due May 1, 2023
TI expects to use the net proceeds of this offering for repayment of
outstanding debt. The offering is expected to close May 8, 2013.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets
Inc., and Mizuho Securities USA Inc. are serving as joint book-running
managers for the offering.
The offering of the notes is made only by means of a prospectus, copies of
which may be obtained from J.P. Morgan Securities LLC, Investment Grade
Syndicate Desk, 383 Madison Avenue, New York, New York 10179, or by calling
(212) 834-4533; Morgan Stanley & Co. LLC, 180 Varick Street, New York, New
York 10014, Attention: Prospectus Department, or by calling (866) 718-1649;
Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army
Terminal, 140 58^th Street, 8^th Floor, Brooklyn, New York, New York 11220, or
by calling (877) 858-5407; and Mizuho Securities USA Inc., Attention: Debt
Capital Markets, 320 Park Avenue, 12^th Floor, New York, New York 10022, or by
calling (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 (TI) is a global semiconductor design and
manufacturing company that develops analog ICs and embedded processors. By
employing the world's brightest minds, TI creates innovations that shape the
future of technology. TI is helping more than 100,000 customers transform the
SOURCE Texas Instruments Incorporated
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