debt
confidence high
sentiment neutral
materiality 0.50
Analog Devices completes $440M exchange of Maxim notes for new ADI notes
ANALOG DEVICES INC
- Exchanged $440.212M of Maxim 3.450% Senior Notes due 2027 for new ADI notes with same interest rate and maturity.
- $59.788M of Maxim notes not tendered; remain outstanding.
- Maxim entered supplemental indenture eliminating most restrictive covenants on remaining notes.
- ADI issued registration rights agreement with TD Securities to file exchange offer registration statement.
- New ADI notes can be redeemed at Treasury rate plus 20 bps before March 15, 2027.