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Texas Instruments Prices $2.0 Billion of Investment Grade Notes
The semiconductor maker plans to use the proceeds to help finance its Silicon Laboratories purchase and related costs, with four note tranches due from 2028 to 2036.
On Monday, Texas Instruments Incorporated announced the pricing of $2.0 billion in senior unsecured notes to help fund its acquisition of Silicon Laboratories Inc.
The notes consist of four $500 million series with interest rates ranging from 5.000% to 5.750%, expected to be issued on November 9, 2026, with maturity dates spanning 2028 to 2036.
Joint book-running managers include Morgan Securities LLC, Citigroup Global Markets Inc., BofA Securities, and Bancorp Investments, with Barclays Capital Inc., Mizuho Securities USA LLC, Morgan Stanley, and MUFG Securities Americas Inc. also managing.
Investors may obtain the prospectus and related supplement for free via the Exchange Commission website or by visiting EDGAR online for offering details.
Texas Instruments Incorporated designs, manufactures, and sells analog and embedded processing chips for industrial, automotive, data center, personal electronics, and communications equipment markets.