Microchip issues $2B in senior notes to refinance existing debt

MICROCHIP TECHNOLOGY INC

Issued $1B of 4.900% Senior Notes due 2028 and $1B of 5.050% Senior Notes due 2030.
Net proceeds of ~$1.992B to repay senior term loan facility and commercial paper.
Notes priced at 99.645% (2028) and 99.572% (2030) of par, with public offering prices of 99.895% and 99.922%, respectively.
Interest payable semi-annually; first payments on March 15, 2025 (2028) and February 15, 2025 (2030).
Guaranteed by subsidiary guarantors; subject to change-of-control repurchase at 101%.

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