Applied Materials Prices $1.8 Billion of Senior Unsecured Notes
(Thomson Reuters ONE) -
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 Citigroup Global Markets Mitsubishi UFJ
LLC Inc. Securities (USA), Inc.
383 Madison Avenue 1155 Long Island Avenue 1221 Avenue of the
New York, New York 10179 Edgewood, New York 11717 Americas, 6th Floor
New York, New York 10020
Attn: High Grade Syndicate c/o Broadridge Financial Attn: Capital Markets
Desk - 3rd Floor Solutions Group
1-212-834-4533 1-800-831-9146 1-212-405-7440
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 Statements
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.
# # #
Contact:
Kevin Winston (editorial/media) 408.235.4498
Michael Sullivan (financial community) 408.986.7977
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Applied Materials via GlobeNewswire
[HUG#1953607]
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2015 - 01:16 Uhr
Sprache: Deutsch
News-ID 421614
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contact information:
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