Analog Devices closes exchange of 88% of outstanding Maxim 3.450% Senior Notes due 2027

ANALOG DEVICES INC

$440.2M of $500M Maxim Notes tendered (88.04%) as of October 5, 2022 expiration.
Holders receive $1,000 principal of new ADI Notes plus $1.00 cash per $1,000 Maxim Notes.
Consents to eliminate restrictive covenants in Maxim indenture satisfied on September 21, effective at settlement.
Settlement expected October 7, 2022; ADI Notes will have same interest rate and maturity as Maxim Notes.

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