Simpson Thacher Represents Underwriters in $1.5 Billion Investment Grade Notes Offering by Texas Instruments
09.15.21
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Simpson Thacher represented the underwriters in connection with the recent public offering by Texas Instruments Incorporated of an aggregate of $1.5 billion in investment grade notes, consisting of $500 million aggregate principal amount of 1.125% Senior Notes due 2026, $500 million aggregate principal amount of 1.9% Senior Notes due 2031 and $500 million aggregate principal amount of 2.7% Senior Notes due 2051.
Texas Instruments designs and makes semiconductors for sale to electronics designers and manufacturers all over the world. The company intends to use the net proceeds from the sale of the notes for general corporate purposes.
The Simpson Thacher team for the transaction included Joseph Kaufman, Catherine Ciriello and Sydney R. Mark (Capital Markets); Jonathan Cantor and Tyler Robbins (Tax); Noreen Lavan (Environmental); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).