Press release
Analog Devices Announces Pricing of Public Offering of Senior Notes
WILMINGTON, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (Nasdaq: ADI) (the “Company”) today announced that it has priced an underwritten public offering
About this update from Analog Devices, Inc.
[{"type":"text","content":" WILMINGTON, Mass.--(BUSINESS WIRE)--\nAnalog Devices, Inc. (Nasdaq: ADI) (the “Company”) today announced that it has priced an underwritten public offering (the “offering”) of $300,000,000 aggregate principal amount of 4.250% Senior Notes due October 1, 2032 (the “notes”). SMBC Nikko Securities America, Inc. is acting as the book-running manager in connection with the offering.\n\nThe notes were priced at 99.360% of their principal amount.\n\nThe offering is expected to close on or about September 15, 2022, subject to customary closing conditions.\n\nThe Company intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, repurchases of its common stock under the Company’s stock repurchase program, repayment or refinancing of existing indebtedness, dividend payments and acquisitions.\n\nThe notes are being offered pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering will be made only by means of a prospectus supplement and the accompanying base prospectus.\n\nBefore you invest, you should read the prospectus supplement and the accompanying base prospectus and other documents the Company has filed with the SEC for more complete information about the Company and this offering. Copies of the prospectus supplement relating to this offering may be obtained by contacting: SMBC Nikko Securities America, Inc., Attn: Debt Capital Markets, at 277 Park Avenue, New York, New York 10172, telephone 1-888-868-6856 (toll-free) or email [email protected]. An electronic copy of the prospectus supplement, together with the accompanying base prospectus, is also available on the United States Securities and Exchange Commission (SEC) website, www.sec.gov.\n\nForward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements address a variety of subjects, including, for ex...