Simpson Thacher Represents Underwriters in $1.4 Billion Investment Grade Notes Offering by Texas Instruments
03.14.23
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Simpson Thacher represented the underwriters in connection with the recent public offering by Texas Instruments Incorporated of an aggregate of $1.4 billion in investment grade notes, consisting of $750 million aggregate principal amount of 4.9% Senior Notes due 2033 and $650 million aggregate principal amount of 5% Senior Notes due 2053.
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, Patrick Meson and Nicole Papsco (Capital Markets); Jonathan Cantor and Michael Slomovics (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).