Applied Materials Prices $1.5 Billion of Senior Unsecured Notes
27 May 2020 - 8:40AM
Applied Materials, Inc. (NASDAQ: AMAT) today announced the pricing
of senior unsecured notes in an aggregate principal amount of $1.5
billion. The notes consist of the following tranches:
- $750 million of 1.750% senior unsecured notes due 2030
- $750 million of 2.750% senior unsecured notes due 2050
Applied intends to use a portion of the net proceeds of this
offering to redeem or repay at maturity its outstanding $600
million 2.625% senior notes due Oct. 1, 2020, its outstanding $750
million 4.300% senior notes due June 15, 2021 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 2020 notes or the 2021 notes.
BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are
acting as joint book-running managers. Citigroup, Mizuho
Securities, MUFG, US Bancorp and Wells Fargo Securities are also
acting as 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 May 29, 2020, subject to
customary closing conditions. The offering of securities is being
made only by means of a prospectus supplement and accompanying
prospectus, which may be obtained by visiting the SEC’s website at
http://www.sec.gov. Copies of these documents may also be obtained
from:
BofA Securities, Inc. |
Goldman Sachs & Co. LLC |
J.P. Morgan Securities LLC |
NC1-004-03-43200 North College
Street, 3rd Floor Charlotte, NC 28255-0001 |
200 West StreetNew York, NY 10282 |
383 Madison Avenue New York, NY
10179 |
|
|
|
Attn: Prospectus
Department1-800-294-1322dg.prospectus_requests@bofa.com |
Attn: Prospectus
Department1-866-471-2526Prospectus-ny@ny.email.gs.com |
Attn: Investment Grade Syndicate
Desk, 3rd Floor1-212-834-4533 |
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.
Forward-Looking StatementsThis 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 MaterialsApplied Materials, Inc.
(Nasdaq: AMAT) is the leader in materials engineering solutions
used to produce virtually every new chip and advanced display in
the world. Our expertise in modifying materials at atomic levels
and on an industrial scale enables customers to transform
possibilities into reality. At Applied Materials, our innovations
make possible the technology shaping the future.
Contact:Ricky Gradwohl
(editorial/media) 408.235.4676Michael Sullivan (financial
community) 408.986.7977
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