DALLAS, May 16, 2011 /PRNewswire/ -- Texas Instruments
Incorporated (TI) (NYSE: TXN) today announced that it proposes to
offer, subject to market and other considerations, senior unsecured
notes. Actual terms of the notes, including interest rate,
principal amount, redemption provisions and maturity, will depend
on market conditions at the time of pricing.
TI intends to use the net proceeds from the sale of the notes
primarily to fund the merger with National Semiconductor
Corporation and to use the excess, if any, for general corporate
purposes.
Morgan Stanley & Co. Incorporated; J.P. Morgan Securities
LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated;
and Citigroup Global Markets Inc. are serving as joint book-running
managers for the offering.
The offering of the notes is made only by means of a prospectus,
copies of which may be obtained from Morgan Stanley & Co.
Incorporated, 180 Varick Street, New
York, New York 10014, Attention: Prospectus Department, or
by calling (866) 718-1649; J.P. Morgan Securities LLC, Investment
Grade Syndicate Desk, 383 Madison Avenue, New York, New York, 10179, or by calling (212)
834-4533; Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 100 West 33rd Street, New York, New York 10001, Attn: Prospectus
Department, or by calling (800) 294-1322; and Citigroup Global
Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal,
140 58th Street, 8th Floor, Brooklyn, New
York, New York, 11222, or by calling (877) 858-5407.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the notes or any other
securities, nor will there be any sale of the notes or any other
securities in any state or jurisdiction in which such an offer,
solicitation or sale is not permitted.
About Texas Instruments
Texas Instruments semiconductor innovations help 80,000
customers unlock the possibilities of the world as it could be –
smarter, safer, greener, healthier and more fun. Our
commitment to building a better future is ingrained in everything
we do – from the responsible manufacturing of our semiconductors,
to caring for our employees, to giving back inside our
communities. This is just the beginning of our
story.
TXN-F
SOURCE Texas Instruments Incorporated