SANTA CLARA, Calif., September 21, 2015 - Applied Materials, Inc. (NASDAQ: AMAT) today announced the pricing of senior unsecured notes in an aggregate principal amount of $1.8 billion. The notes consist of the following tranches:
- $600 million of 2.625% senior unsecured notes due 2020
- $700 million of 3.900% senior unsecured notes due 2025
- $500 million of 5.100% senior unsecured notes due 2035
Applied intends to use a portion of the net proceeds of this offering to redeem or repay its outstanding $400 million 2.650% notes due June 15, 2016 and the balance for general corporate purposes. The foregoing does not constitute a notice of redemption or an obligation to issue a notice of redemption for the 2.650% notes.
J.P. Morgan, Citigroup, MUFG and Goldman, Sachs & Co. are acting as joint book-running managers.
The offering was made pursuant to a registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (SEC) and is expected to close on September 24, 2015, subject to customary closing conditions. The offering of securities is being made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:
|J.P. Morgan Securities LLC|
383 Madison Avenue
New York, New York 10179
|Citigroup Global Markets Inc.|
1155 Long Island Avenue
Edgewood, New York 11717
|Mitsubishi UFJ Securities (USA), Inc.|
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
|Attn: High Grade Syndicate|
Desk - 3rd Floor
|c/o Broadridge Financial Solutions||Attn: Capital Markets Group|
This release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction.
This release contains forward-looking statements, including those regarding Applied's ability to complete the offering and anticipated use of the proceeds from the offering. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: market conditions for corporate debt generally and for our securities; the successful completion of the notes offering; and other risks and uncertainties described in our most recent Form 10-Q and other SEC filings. These and many other factors could cause actual results to differ materially from expectations based on forward-looking statements made in this release or elsewhere by Applied or on its behalf. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof, and we assume no obligation to update them.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic industries. Our technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world.
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