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            
         

1 | 2 | 3  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
A First: The ESD Alliance Industry Meeting at SEMICON Taiwan
intelThe Dominion of Design
by intel
When Is AI the Answer to Business Challenges?
Jobs
Principal Engineer, Firmware Engineering for Western Digital at Milpitas, California
Sr. Electrical Hardware Project Engineer for Stellartech Research Corp at Milpitas, California
Mid to Senior Level Electrical Engineer for Gordon Prill, Inc at Santee, California
Upcoming Events
SMTA Austin (CTEA) Expo and Tech Forum at Norris Conference Center 2525 W Anderson Ln Austin, TX - Oct 15, 2019
MIPI DevCon Taipei at Taipei Taiwan - Oct 18, 2019
VSDOpen 2019 Conference at India - Oct 19, 2019
TrueCircuits: DDR 4/3



Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise