Altera Corporation Closes $1 Billion Senior Notes Offering
SAN JOSE, Calif., Nov. 1, 2013
SAN JOSE, Calif., Nov. 1, 2013 /PRNewswire/ -- Altera Corporation (NASDAQ:
ALTR) today announced the closing of its previously announced offering of $600
million aggregate principal amount of its 2.500% Senior Notes due 2018 and
$400 million aggregate principal amount of its 4.100% Senior Notes due 2023
("senior notes") under a shelf registration statement on file with the
Securities and Exchange Commission.
Separately but contemporaneous with the above offering of senior notes, Altera
used foreign cash to purchase intermediate term Treasury notes. The company
intends these Treasury securities to represent an economic hedge that will
reduce the net cost of the senior notes to the company.
Altera® programmable solutions enable designers of electronic systems to
rapidly and cost effectively innovate, differentiate and win in their markets.
Altera offers FPGAs, SoCs, CPLDs, ASICs and complementary technologies, such
aspower management, to provide high-value solutions to customers worldwide.
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ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX
words and logos are trademarks of Altera Corporation and registered in the
U.S. Patent and Trademark Office and in other countries. All other words and
logos identified as trademarks or service marks are the property of their
respective holders as described at www.altera.com/legal.
This press release contains forward-looking statements within the meaning of
the federal securities laws. These statements include, but are not limited to,
Altera's intended use of any purchasedTreasurysecurities and the net cost
ofAltera's senior notes. Investors are cautioned that all forward-looking
statements involve risks and uncertainties that could cause actual results to
differ materially, including, but not limited to, current global economic
conditions.Additional risks and uncertainties relating to the offering,
Altera and its business can be found under the heading "Risk Factors" in
Altera's Annual Report on Form 10-K for the year ended December 31, 2012, in
the preliminary prospectus supplement relating to the offering and in the
prospectus supplement relating to the offering to be filed with the Securities
and Exchange Commission. Altera does not undertake any obligation to publicly
update any forward-looking statements to reflect events, circumstances or new
information after the date of this press release, or to reflect the occurrence
of unanticipated events.
SOURCE Altera Corporation
Contact: Scott Wylie, VP Investor Relations, 408-544-6996
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