Applied Materials: Pricing of Senior Unsecured Notes
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SANTA CLARA, California - Applied Materials, Inc. (NASDAQ: AMAT) announced the pricing of senior unsecured notes in an aggregate principal amount of $1.8 billion. The notes consist of the following tranches:
$600 million of 2.625% senior unsecured notes due 2020
$700 million of 3.900% senior unsecured notes due 2025
$500 million of 5.100% senior unsecured notes due 2035
Applied intends to use a portion of the net proceeds of this offering to redeem or repay its outstanding $400 million 2.650% notes due June 15, 2016 and the balance for general corporate purposes. The foregoing does not constitute a notice of redemption or an obligation to issue a notice of redemption for the 2.650% notes.
J.P. Morgan, Citigroup, MUFG and Goldman, Sachs & Co. are acting as joint book-running managers.
The offering was made pursuant to a registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (SEC) and is expected to close on September 24, 2015, subject to customary closing conditions.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic industries. Our technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world.
Michael Sullivan (financial community) 408.986.7977