Texas Instruments Prices $2 Billion in Notes for Silicon Labs Deal
Photo: TokenPost
Texas Instruments priced $2 billion in senior unsecured notes, with proceeds intended to cover part of the purchase price and related expenses for its planned acquisition of Silicon Laboratories. The offering is divided into four $500 million series, each with a different maturity and coupon. The first carries a 5.000% coupon and matures Nov. 9, 2028. The second pays 5.350% and matures Nov. 9, 2031, while the third pays 5.500% and matures Nov. 9, 2033. The fourth pays 5.750% and matures Nov. 9, 2036. The four maturities span 2028 through 2036, and the coupons range from 5.000% to 5.750%.
Source: TokenPost
