Press release
Qualcomm Announces Cash Offers for Four Series of Notes Open to Retail Holders Only
SAN DIEGO, Aug. 5, 2020 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today the commencement of a transaction to repurchase four series of
About this update from Qualcomm Incorporated
[{"type":"text","content":"SAN DIEGO, Aug. 5, 2020 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today the commencement of a transaction to repurchase four series of its outstanding notes totaling $7.0 billion. The tender transaction consists of four separate offers to purchase for cash (each, a \"Cash Offer,\" and collectively, the \"Cash Offers\") any and all of the outstanding notes listed in the table below (collectively, the \"Old Notes\"), on the terms and subject to the conditions set forth in the Offer to Purchase dated August 5, 2020 (the \"Offer to Purchase\" and, together with the certification to participate in the Cash Offers, the instructions for such certification and the notice of guaranteed delivery, the \"Cash Offer Documents\"). The Cash Offers are subject to an aggregate maximum condition as set forth below.\nOnly holders who are not \"qualified institutional buyers\" and who are not non-U.S. persons (other than \"retail investors\" in the European Economic Area or in the United Kingdom and investors in any province or territory of Canada that are individuals or that are institutions or other entities that do not qualify as both \"accredited investors\" and \"permitted clients\") are eligible to participate in this transaction, as more fully described below. Concurrently with this transaction, Qualcomm also announced today the commencement of a transaction to exchange such four series of notes pursuant to private exchange offers (each, an \"Exchange Offer\" and collectively, the \"Exchange Offers\"), which are open only to Ineligible Holders (as defined below).\nThe Cash Offers will expire at 5:00 p.m., New York City time, on August 11, 2020, unless extended or earlier terminated by Qualcomm (the \"Cash Offer Expiration Date\"). Tenders of Old Notes submitted in the Cash Offers may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, on August 11, 2020, subject to any extension by Qualcomm, but thereafter will be irrevocable, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by Qualcomm). The \"Cash Offer Settlement Date\" will be promptly following the Cash Offer Expiration Date and is expected to be August 14, 2020.\nTitle of Series of Old Notes to be Purchased\nPrincipal Amount Outstanding (mm)\nCUSIP/ISIN No.\nReference U.S. Treas...