Press release
Qualcomm Announces Expiration Date Results of Its Cash Offers for Four Series of Notes Open to Retail Holders Only
SAN DIEGO, Aug. 12, 2020 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today the expiration date results of its four separate offers to
About this update from Qualcomm Incorporated
[{"type":"text","content":"SAN DIEGO, Aug. 12, 2020 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today the expiration date results of its 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\"). \nQualcomm also announced today the expiration date results of its transaction to exchange such four series of notes pursuant to private exchange offers (each, an \"Exchange Offer,\" and collectively, the \"Exchange Offers\"), which were open only to Ineligible Holders (as defined below).\nThe Cash Offers expired at 5:00 p.m., New York City time, on August 11, 2020 (the \"Cash Offer Expiration Date\"). The \"Cash Offer Settlement Date\" will be promptly following the Cash Offer Expiration Date and is expected to be August 14, 2020. The table below provides the aggregate principal amount of each series of Old Notes validly tendered and not validly withdrawn at or prior to the Cash Offer Expiration Date and the aggregate principal amount of each series of Old Notes that Qualcomm expects to accept on the Cash Offer Settlement Date in connection with the Cash Offers, on the terms and subject to the conditions set forth in the Offer to Purchase.\nTitle of Series of Old Notes to be Purchased\nCUSIP/ISIN\nPrincipal Amount Tendered(1)(2)\n3.000% Notes due 2022 (\"Old 2022 Notes\")\n747525AE3; US747525AE30\n$85,329,000\n2.600% Notes due 2023 (\"Old 2023 Notes\")\n747525AR4; US747525AR43\n$52,551,000\n2.900% Notes due 2024 (\"Old 2024 Notes\")\n747525AT0; US747525AT09\n$39,125,000\n3.450% Notes due 2025 (\"Old 2025 Notes\")\n747525AF0; US747525AF05\n$85,948,000\n(1)\nReflects the aggregate principal amount of each series of Old Notes that have been tendered and not validly withdrawn as of the Cash Offer Expiration Date, based on information provided by the tender agent to Qualcomm as of the Cash Offer Expiration Date and subject to final validation of tenders.\n(2)\nThe principal amounts tendered as reflected ...