#United States #Dallas #Semiconductor #Texas Instruments #TXN

Texas Instruments Raises $1.2 Billion with New Notes Offering

On May 20, 2025, Texas Instruments Incorporated (TI), a leading semiconductor manufacturer, announced a significant financing milestone by pricing two series of senior unsecured notes amounting to an impressive $1.2 billion. This strategic move is set to fortify the company's financial flexibility, allowing for a range of general corporate purposes, including innovation, expansion, and increased operational efficiency.

The offerings comprise:

• - $550 million of 4.500% senior unsecured notes maturing on May 23, 2030.
• - $650 million of 5.100% senior unsecured notes maturing on May 23, 2035.

Both series of notes are aimed at attracting a wide array of institutional investors seeking reliable opportunities in the current economic landscape. The robust nature of Texas Instruments' offerings highlights the company’s stable financial position and its commitment to leveraging market conditions to secure favorable terms for investment. The firm anticipates that the closure of this offering will take place on May 23, 2025, aligning with its strategic funding framework.

Purpose of the Proceeds

The net proceeds from this offering will primarily be allocated towards general corporate purposes. This can include reinvestment into research and development, operational enhancements, and addressing capital expenditures. As the semiconductor market continues to evolve, with increasing demand for advanced electronic components across various sectors such as industrial, automotive, and personal electronics, this financial maneuver positions Texas Instruments to maintain its competitive edge and sustain its commitment to innovation.

Underwriters and Joint Book-Runners

The underwriting of this significant offering will be managed by notable financial institutions, including Barclays Capital Inc., Morgan Stanley & Co. LLC, and MUFG Securities Americas Inc. These firms will act as joint book-running managers, reflecting the high confidence placed in TI's market standing and future prospects.

Regulatory Aspects and Prospectus Availability

As stipulated by financial regulations, the offering is strictly conducted through a prospectus and related prospectus supplement. Investors interested in the details can access these documents without charge from the Securities and Exchange Commission's EDGAR database or directly from the underwriters. This ensures transparency and compliance with regulatory requirements, fostering trust among prospective investors.

Texas Instruments: A Leader in Semiconductors

Texas Instruments Incorporated, traded under Nasdaq as TXN, is a global powerhouse in the semiconductor industry. The company specializes in designing, manufacturing, and selling analog and embedded processing chips. These components find their applications across diverse markets, including industrial machinery, automotive technologies, personal electronics, and various communication systems. TI's operational philosophy centers around creating affordable electronic products through semiconductor innovations, a vision that continues to guide its business strategies.

The recent pricing of these senior unsecured notes underscores Texas Instruments' resilience and strategic foresight, paving the way for sustained growth and technological advancement in a rapidly changing marketplace. By securing these funds, TI is not just responding to current market needs but is also laying down the groundwork for future innovations that could redefine the industry landscape. In essence, this offering is a testament to Texas Instruments' enduring commitment to excellence and leadership in the semiconductor space.

As Texas Instruments continues to drive forward with its ambitious agenda, industry stakeholders will be keenly observing how these funds will translate into innovative products and enhanced corporate performance in the years to come.