Applied Materials Prices $1.75 Billion of Senior Unsecured Notes
(Thomson Reuters ONE) -
SANTA CLARA, Calif., June 1, 2011 - Applied Materials, Inc. (NASDAQ: AMAT) today
announced the pricing of senior unsecured notes in an aggregate principal amount
of $1.75 billion. The notes consist of the following tranches:
* $400 million of 2.65% senior unsecured notes due 2016
* $750 million of 4.30% senior unsecured notes due 2021
* $600 million of 5.85% senior unsecured notes due 2041
Applied intends to use the net proceeds from this offering, together with
available cash and the proceeds from borrowings under its revolving credit
facility or other short-term debt, to fund its planned merger with Varian
Semiconductor Equipment Associates, Inc. (Varian) under an Agreement and Plan of
Merger dated May 3, 2011, and to pay certain costs associated with the merger.
The offering was made pursuant to a registration statement filed with the U.S.
Securities and Exchange Commission (SEC) and is expected to close on June
8, 2011, 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 Citigroup Global Markets Inc.
383 Madison Avenue 140 58th Street, 8th Floor
New York, New York 10179 Brooklyn, New York 11220
Attn: High Grade Syndicate Desk - 3rd Attention: Prospectus Department,
Floor Brooklyn Army Terminal
1-212-834-4533 1-877-858-5407
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 the
proposed merger with Varian (the Merger) and expected financing arrangements.
These statements are subject to known and unknown risks and uncertainties that
could cause actual results to differ materially from those expressed or implied
by such statements, including but not limited to: the ability of the parties to
consummate the proposed merger in a timely manner or at all; the satisfaction of
conditions precedent to consummation of the merger, including the ability to
secure regulatory approvals in a timely manner, or at all, and approval by
Varian's stockholders; successful completion of the senior note offering; and
other risks described in Applied's filings with the SEC, including its Annual
Report on Form 10-K for the fiscal year ended October 31, 2010 and its Quarterly
Report on Form 10-Q for the fiscal quarter ended May 1, 2011. All forward-
looking statements are based on management's estimates, projections and
assumptions as of the date hereof, and Applied does not undertake any obligation
to update any forward-looking statements.
Additional Information and Where to Find It
Varian intends to file with the SEC a proxy statement in connection with the
proposed merger with Applied. The definitive proxy statement will be sent or
given to the stockholders of Varian and will contain important information about
the proposed Merger and related matters. SECURITY HOLDERS ARE URGED TO READ THE
PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE. The proxy statement and
other relevant materials (when they become available), and any other documents
filed by Varian with the SEC, may be obtained free of charge at the SEC's
website, at www.sec.gov. In addition, security holders will be able to obtain
free copies of the proxy statement from Varian by contacting Investor Relations
by mail at Varian Semiconductor, 35 Dory Road, Gloucester, MA 01930, Attn:
Investor Relations Department, or by telephone at 978-282-2000.
Participants in the Solicitation
Varian and Applied, and their respective directors and executive officers, may
be deemed to be participants in the solicitation of proxies from Varian's
stockholders in connection with the proposed merger. Information about Varian's
directors and executive officers is set forth in Varian's proxy statement for
its 2011 Annual Meeting of Stockholders, which was filed with the SEC on
December 1, 2010, and its Annual Report on Form 10-K for the year ended October
1, 2010, which was filed with the SEC on November 22, 2010. These documents
are available free of charge at the SEC's web site at www.sec.gov, and from
Varian by contacting Investor Relations by mail at Varian Semiconductor, 35 Dory
Road, Gloucester, MA 01930, Attn: Investor Relations Department, or by telephone
at 978-282-2000, or by going to Varian's Investor Relations page on its
corporate web site at www.vsea.com. Information about Applied's directors and
executive officers is set forth in Applied's proxy statement for its 2011 Annual
Meeting of Stockholders, which was filed with the SEC on January 27, 2011, and
its Annual Report on Form 10-K for the year ended October 31, 2010, which was
filed with the SEC on December 10, 2010. These documents are available free of
charge at the SEC's web site at www.sec.gov, and from Applied by contacting
Investor Relations by mail at Applied Materials, 3050 Bowers Avenue, M/S 1261,
P.O. Box 58039, Santa Clara, CA 95052-8039, Attn: Investor Relations
Department, or by going to Applied's Investor Relations page on its corporate
web site at www.appliedmaterials.com. Additional information regarding the
interests of participants in the solicitation of proxies in connection with the
Merger will be included in the proxy statement that Varian intends to file with
the SEC.
About Applied Materials
Applied Materials, Inc. (NASDAQ:AMAT) is the global leader in providing
innovative equipment, services and software to enable the manufacture of
advanced semiconductor, flat panel display and solar photovoltaic products. 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:
Howard Clabo (editorial/media) 408.748.5775
Michael Sullivan (financial community) 408.986.7977
# # #
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1520934]
Unternehmensinformation / Kurzprofil:
Datum: 02.06.2011 - 02:31 Uhr
Sprache: Deutsch
News-ID 55244
Anzahl Zeichen: 7563
contact information:
Town:
Santa Clara
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 162 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Applied Materials Prices $1.75 Billion of Senior Unsecured Notes"
steht unter der journalistisch-redaktionellen Verantwortung von
Applied Materials (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
