debt
confidence high
sentiment neutral
materiality 0.70
Analog Devices issues $3.0B of senior notes across four tranches due 2029-2036
ANALOG DEVICES INC
- Total $3.0B: $500M 5.100% notes due Sep 2029; $500M 5.350% due Oct 2031; $1.0B 5.600% due Oct 2033; $1.0B 5.750% due Oct 2036.
- Notes are unsecured, unsubordinated and not guaranteed by subsidiaries; rank equally with existing senior debt.
- Issued under S-3 shelf (333-281670) and underwriting agreement with J.P. Morgan Securities LLC as representative.
- Interest paid semi-annually; first payments due Mar 15, 2027 (2029 notes) and Apr 1, 2027 (2031/2033/2036 notes).