Xilinx, Inc. Announces Pricing of $750 Million of Senior Notes
May 12 2020 - 5:46PM
Business Wire
Xilinx, Inc. (NASDAQ: XLNX) today announced that it has priced
its offering of $750 million aggregate principal amount of its
2.375% Senior Notes due 2030 (the “Notes”) at a price to the public
of 99.973% of their face value. The company anticipates that the
offering will close on or around May 19, 2020, subject to customary
closing conditions. The company intends to use the net proceeds of
the offering for general corporate purposes, which may include the
refinancing or repayment of debt (including its 3.000% senior notes
due 2021).
The offering is being made pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission (the “SEC”), and only by means of a prospectus
supplement and accompanying base prospectus. BofA Securities, Inc.,
Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays
Capital Inc., Citigroup Global Markets Inc. and U.S. Bancorp
Investments, Inc. are acting as joint book-running managers for the
offering. ANZ Securities, Inc., BNY Mellon Capital Markets, LLC,
HSBC Securities (USA) Inc., MUFG Securities Americas Inc. and
Westpac Capital Markets, LLC are also acting as book-running
managers. To obtain a copy of the prospectus supplement, together
with the accompanying prospectus, for the offering, please contact
BofA Securities, Inc. by calling 1-800-294-1322, Morgan Stanley
& Co. LLC by calling 1-800-718-1649, Wells Fargo Securities,
LLC by calling 1-800-645-3751, Barclays Capital Inc. by calling
1-888-603-5847, Citigroup Global Markets Inc. by calling
1-800-831-9146 or U.S. Bancorp Investments, Inc. by calling
1-877-558-2607. An electronic copy of the prospectus supplement,
together with the accompanying prospectus, is also available on the
SEC’s website, www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements may be found throughout this press
release, which include statements concerning the offering of the
Notes, including the anticipated use of proceeds. Forward-looking
statements involve numerous known and unknown risks and
uncertainties and are based on current expectations that could
cause actual results to differ materially and adversely from those
expressed or implied. Such risks include, but are not limited to,
those discussed in the company’s filings with the SEC, including in
the prospectus supplement for the offering and in Part I, Item 1A,
“Risk Factors” of our Annual Report on Form 10-K for the fiscal
year ended March 28, 2020, filed with the SEC on May 8, 2020.
Often, forward-looking statements can be identified by the use of
forward-looking words, such as “may,” “will,” “could,” “should,”
“expect,” “believe,” “anticipate,” “estimate,” “continue,” “plan,”
“would,” “intend,” “project” and other similar terminology, or the
negative of such terms. The company disclaims any responsibility to
update or revise any forward-looking statement provided in this
press release or in any of its other communications for any
reason.
Source: Xilinx Newsroom Category: Corporate Announcements
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version on businesswire.com: https://www.businesswire.com/news/home/20200512005945/en/
Investor Relations Contact: Suresh Bhaskaran Xilinx, Inc. (408)
879-4784 ir@xilinx.com
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