Press release
Qualcomm Announces Expiration Date Results of Its Private Exchange Offers for Four Series of Notes Open to Certain Investors
SAN DIEGO, Aug. 12, 2020 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today the expiration date results of its four separate private offers
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 private offers to exchange (each, an \"Exchange Offer,\" and collectively, the \"Exchange Offers\") any and all of the outstanding notes listed in the table below (collectively, the \"Old Notes\") for two new series of Qualcomm's senior notes due 2028 and 2032 (the \"New 2028 Notes\" and the \"New 2032 Notes,\" respectively, and collectively, the \"New Notes\") on the terms and subject to the conditions set forth in the Offering Memorandum dated August 5, 2020 (the \"Offering Memorandum\" and, together with the eligibility letter, the Canadian holder form and the notice of guaranteed delivery, the \"Exchange Offer Documents\"). \nQualcomm also announced today the expiration date results of its transaction to repurchase such four series of notes pursuant to cash tender offers (each, a \"Cash Offer\" and collectively, the \"Cash Offers\"), which were open only to Ineligible Holders (as defined below).\nThe Exchange Offers expired at 5:00 p.m., New York City time, on August 11, 2020 (the \"Exchange Offer Expiration Date\"). The \"Exchange Offer Settlement Date\" will be promptly following the Exchange 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 The table below provides the aggregate principal amount of each series of Old Notes validly tendered and not validly withdrawn at or prior to the Exchange Offer Expiration Date and the aggregate principal amount of each series of Old Notes that Qualcomm expects to accept on the Exchange Offer Settlement Date in connection with the Exchange Offers, on the terms and subject to the conditions set forth in the Offering Memorandum.\nTitle of Series of Old Notes to be Exchanged\nCUSIP/ISIN\nPrincipal Amount Tendered(1)(2)\nPrincipal Amount Qualcomm Expects to Accept(2)\n3.000% Notes due 2022 (\"Old 2022 Notes\")\n747525AE3; US747525AE30\n$400,368,000\n$400,368,000\n2.600% Notes due 2023 (\"Old 2023 Notes\")\n747525AR4; US747525AR43\n$508,314,000\n$508,314,000\n2.900% Notes due 2024 (\"Old 2024 Notes\")\n747525AT0; US747525AT09\n$555,308,000\n$555,308,000\n3.450% Notes due 2025 (\"Old 2025 Notes\")\n747525AF0; US747525AF05\n$552,392,000\n$552,932,000\n(1)\nReflects the aggregate principal amount of each series of Old Notes that have been val...