Analog Devices Completes Long-Term Debt Financing Arrangements for Proposed Acquisition of Linear Technology Corporation

NORWOOD, Mass. — (BUSINESS WIRE) — December 6, 2016 — Analog Devices, Inc. (NASDAQ: ADI), today announced that it has completed all necessary long-term debt financing arrangements in connection with its proposed acquisition of Linear Technology Corporation.

The acquisition is expected to close by the end of the Company’s second fiscal quarter of 2017 and is being funded through a combination of cash-on-hand, pre-payable term loans, senior long-term notes and newly-issued shares of Analog Devices’ common stock.

Terms of the acquisition-related long-term debt financing are outlined in the below table:

Principal Amount           Security Description
$2.5 billion           3-year Term Loan @ L + 112.5 bps*
$2.5 billion           5-year Term Loan @ L + 125 bps*
$400 million           2.500% Senior Notes due 2021
$550 million           3.125% Senior Notes due 2023
$900 million           3.500% Senior Notes due 2026
$250 million           4.500% Senior Notes due 2036
Total $7.1 billion            

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