Applied Materials Prices $2.2 Billion of Senior Unsecured Notes
March 28 2017 - 7:30PM
Applied Materials, Inc. (NASDAQ:AMAT) today announced the pricing
of senior unsecured notes in an aggregate principal amount of $2.2
billion. The notes consist of the following tranches:
- $1.2 billion of 3.300% senior unsecured notes due
2027
- $1.0 billion of 4.350% senior unsecured notes due
2047
Applied intends to use a portion of the net proceeds of this
offering to redeem or repay at maturity its outstanding $200
million 7.125% notes due October 15, 2017 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 7.125% notes.
J.P. Morgan, Citigroup, MUFG, Credit Suisse 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 March 31, 2017, 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:
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J.P. Morgan Securities
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Citigroup Global Markets
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MUFG Securities Americas
Inc. |
383 Madison Avenue |
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1155 Long Island
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1221 Avenue of the
Americas, 6th Floor |
New York, New York
10179 |
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Edgewood, New York
11717 |
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New York, New York
10020 |
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Attn: High Grade
Syndicate |
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c/o Broadridge Financial
Solutions |
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Attn: Capital Markets
Group |
Desk - 3rd Floor |
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1-212-834-4533 |
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1-800-831-9146 |
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1-877-649-6848 |
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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:Kevin Winston (editorial/media)
408.235.4498Michael Sullivan (financial community) 408.986.7977
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