Texas Instruments Inc. (TXN) said Wednesday that it has priced two series of senior unsecured notes for an aggregate principal amount of $1.0 billion, consisting of $500 million of 1.00% notes due May 1, 2018 and $500 million of 2.25% notes due May 1, 2023.
The company expects to use the net proceeds of the offering for repayment of outstanding debt.
The offering is expected to close May 8.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., and Mizuho Securities USA Inc. are serving as joint book-running managers for the offering.
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