Analog Devices Completes Long-Term Debt Financing Arrangements for Proposed Acquisition of Linear Technology Corporation

NORWOOD, Mass. — (BUSINESS WIRE) — December 6, 2016 — Analog Devices, Inc. (NASDAQ: ADI), today announced that it has completed all necessary long-term debt financing arrangements in connection with its proposed acquisition of Linear Technology Corporation.

The acquisition is expected to close by the end of the Company’s second fiscal quarter of 2017 and is being funded through a combination of cash-on-hand, pre-payable term loans, senior long-term notes and newly-issued shares of Analog Devices’ common stock.

Terms of the acquisition-related long-term debt financing are outlined in the below table:

             
Principal Amount           Security Description
$2.5 billion           3-year Term Loan @ L + 112.5 bps*
$2.5 billion           5-year Term Loan @ L + 125 bps*
$400 million           2.500% Senior Notes due 2021
$550 million           3.125% Senior Notes due 2023
$900 million           3.500% Senior Notes due 2026
$250 million           4.500% Senior Notes due 2036
Total $7.1 billion            
         

1 | 2 | 3  Next Page »
Featured Video
Jobs
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
World Architecture Festival 2024 at Marina Bay Sands Singapore - Nov 6 - 8, 2024
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise