debt
confidence high
sentiment neutral
materiality 0.55
Applied Materials prices $1B dual-tranche senior notes; proceeds to refinance 2025 maturity
APPLIED MATERIALS INC /DE
- Issued $550M of 4.000% senior notes due 2031 and $450M of 4.600% senior notes due 2036.
- Net proceeds will repay $700M of 3.900% notes maturing October 1, 2025, and for general corporate purposes.
- Notes issued under SEC shelf registration; interest payable semi-annually starting January 15, 2026.
- Underwriters include Citigroup, Mizuho, and MUFG; closing occurred September 18, 2025.
- Indenture contains limited negative covenants and events of default; redeemable at any time by Applied.
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