Texas Instruments $1.6 billion notes offering
We advised Texas Instruments on its investment-grade debt offering
Davis Polk advised Texas Instruments Incorporated in connection with its SEC-registered offering of $200 million aggregate principal amount of its 4.600% senior notes due 2028, $200 million aggregate principal amount of its 4.900% senior notes due 2033 and $1.2 billion aggregate principal amount of its 5.050% senior notes due 2063. The 4.600% notes due 2028 and the 4.900% notes due 2033 represented reopenings of existing series of notes. Texas Instruments intends to use the net proceeds from the offering for general corporate purposes.
Texas Instruments designs and makes semiconductors that it sells to electronics designers and manufacturers all over the world. Its operations began in 1930 and it is incorporated in Delaware. With headquarters in Dallas, Texas, Texas Instruments has design, manufacturing and sales operations in more than 30 countries.
The Davis Polk corporate team included partner Emily Roberts and associates Joseph G. Marano and Christian Mueller. The tax team included partner Lucy W. Farr and associate Benjamin Helfgott. Associate Jonathan P. Jackson provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.