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Texas Instruments prices $1.5 billion of investment grade notes

Jul 30, 2012

DALLAS, July 30, 2012 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today announced the pricing of two series of senior unsecured notes for an aggregate principal amount of $1.5 billion.  The notes consist of the following:

  • $750 million of 0.45% notes due August 3, 2015
  • $750 million of 1.65% notes due August 3, 2019

TI intends to use the net proceeds of this offering for general corporate purposes which, among other things, could include repurchases of common stock.  The offering is expected to close August 6, 2012.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Mizuho Securities USA Inc. are serving as joint book-running managers for the offering.

The offering of the notes is made only by means of a prospectus, copies of which may be obtained from Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York, New York 11220, or by calling (877) 858-5407; J.P. Morgan Securities LLC, Investment Grade Syndicate Desk, 383 Madison Avenue, New York, New York 10179, or by calling (212) 834-4533 and Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, or by calling (866) 718-1649.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the notes or any other securities, nor will there be any sale of the notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.

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TXN-F

SOURCE Texas Instruments Incorporated