SAN DIEGO, Jan. 5, 2021 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) announced today the expiration and
final results of its offer to exchange (the "Registered Exchange
Offer") any and all of the $961,427,000 aggregate principal amount of 1.300%
Notes due 2028 (the "2028 Private Placement Notes") and the
$1,245,206,000 aggregate principal
amount of 1.650% Notes due 2032 (together with the 2028 Private
Placement Notes, the "Private Placement Notes") previously issued
pursuant to an exemption from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), for an
equal principal amount of new notes registered under the Securities
Act (the "Registered Notes").
The Registered Exchange Offer expired at 5:00 p.m., New York
City time, on January 4, 2021
(the "Expiration Date"). As of the Expiration Date, the principal
amounts of Private Placement Notes set forth in the table below had
been validly tendered and not validly withdrawn. Qualcomm has
accepted for exchange all such tendered Private Placement Notes in
the Registered Exchange Offer.
Series of Private
Placement Notes
|
Aggregate
Principal Amount
Outstanding at Commencement
|
Aggregate
Principal Amount Tendered as
of the Expiration Date
|
1.300% Notes due
2028
|
$961,427,000
|
$952,411,000
|
1.650% Notes due
2032
|
$1,245,206,000
|
$1,234,132,000
|
Total
|
$2,206,633,000
|
$2,186,543,000
|
Upon the settlement of the Registered Exchange Offer, holders of
Private Placement Notes who validly tendered and did not validly
withdraw such notes prior to the Expiration Date will receive a
like principal amount of Registered Notes of the applicable series.
Qualcomm expects that such settlement will occur on or about
January 6, 2021.
The terms of the Registered Notes to be issued upon the
settlement of the Registered Exchange Offer are substantially
identical to the terms of the corresponding series of Private
Placement Notes, except that the Registered Notes will be
registered under the Securities Act and the transfer restrictions
applicable to the Private Placement Notes will not apply to the
Registered Notes. The Registered Notes will represent the same debt
as the Private Placement Notes, and Qualcomm will issue the
Registered Notes under the same indenture that governs the Private
Placement Notes.
The Registered Exchange Offer was made pursuant to the terms and
subject to the conditions set forth in a prospectus filed with the
Securities and Exchange Commission dated November 20, 2020. This press release is not an
offer to sell or a solicitation of an offer to buy any of the
securities described herein.
About Qualcomm
Qualcomm is the world's leading wireless technology innovator
and the driving force behind the development, launch, and expansion
of 5G. When we connected the phone to the internet, the mobile
revolution was born. Today, our foundational technologies enable
the mobile ecosystem and are found in every 3G, 4G and 5G
smartphone. We bring the benefits of mobile to new industries,
including automotive, the internet of things, and computing, and
are leading the way to a world where everything and everyone can
communicate and interact seamlessly.
Qualcomm Incorporated includes our licensing business, QTL, and
the vast majority of our patent portfolio. Qualcomm Technologies,
Inc., a subsidiary of Qualcomm Incorporated, operates, along with
its subsidiaries, substantially all of our engineering, research
and development functions, and substantially all of our products
and services businesses, including our QCT semiconductor
business.
Cautionary Note Regarding Forward-Looking Statements
Any statements contained in this press release that are not
historical facts are forward-looking statements as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Words such
as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "estimates," "may," "will," "would" and similar
expressions or variations of such words are intended to identify
forward-looking statements, but are not the exclusive means of
identifying forward-looking statements in this press release.
Additionally, statements concerning future matters such as our
future business, prospects, results of operations, financial
condition or research and development or technology investments;
new or enhanced products, services or technologies; emerging
industries or business models; design wins or product launches;
industry, market or technology trends, dynamics or transitions,
such as the transition to 5G; potential impacts of the coronavirus
(COVID-19) pandemic, legal or regulatory matters, U.S./China trade or national security tensions,
vertical integration by our customers or competition; and other
statements regarding matters that are not historical are also
forward-looking statements. These statements are based on
Qualcomm's current expectations or beliefs, and are subject to
uncertainty and changes in circumstances. Actual results may differ
materially from those expressed or implied by the statements herein
due to changes in economic, business, competitive, technological,
strategic and/or regulatory factors, and other factors affecting
the operations of Qualcomm. More detailed information about these
factors may be found in Qualcomm's filings with the SEC, including
those discussed in Qualcomm's most recent Annual Report on Form
10-K and in any subsequent periodic reports on Form 10-Q and Form
8-K, each of which is on file with the SEC and available at the
SEC's website at www.sec.gov. SEC filings for Qualcomm are
also available in the Investor Relations section of Qualcomm's
website at www.qualcomm.com.
Qualcomm is not obligated to update, or continue to provide
information with respect to, any forward-looking statement, whether
as a result of new information, future events or otherwise after
the date of this press release. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of their dates.
Qualcomm Contact:
Mauricio Lopez-Hodoyan
Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Information Agent Contact:
Global Bondholder Services Corporation
Phone: 1-866-470-3900 (toll free)
1-212-430-3774 (collect)