NetApp Announces Offering of Senior Notes

Wed Dec 5, 2012 8:31am EST

* Reuters is not responsible for the content in this press release.

  SUNNYVALE, CA, Dec 05 (Marketwire) -- 
NetApp, Inc. (NASDAQ: NTAP) today announced that it intends to offer,
subject to market and other conditions, senior unsecured notes under an
effective shelf registration statement on file with the Securities and
Exchange Commission. The offering and the final terms of the senior
notes, including principal amount, interest rate and maturity will depend
on market and other conditions at the time of pricing.

    NetApp intends to use the net proceeds from this offering for general
corporate purposes, which may include repayment of certain indebtedness,
capital expenditures, possible stock repurchases, working capital and
potential acquisitions and strategic transactions.

    J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as
joint book-running managers.

    This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the senior notes or any other
securities nor shall there be any sale of the senior notes or any other
securities in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state. The offering of senior notes may be made only by
means of a preliminary prospectus supplement and the accompanying
prospectus, copies of which can be obtained from:

    J.P. Morgan Securities LLC
 383 Madison Ave.
 New York, New York 10179

Attention: Investment Grade Syndicate Desk
 Tel: (212) 834-4533
(212) 834-6081

    Morgan Stanley & Co. LLC
 180 Varick Street
 New York, New York 10014

Attention: Prospectus Department
 Tel: (866) 718-1649

    About NetApp

    NetApp creates innovative storage and data management solutions that
deliver outstanding cost efficiency and accelerate business
breakthroughs. Discover our passion for helping companies around the
world go further, faster.

    Cautionary Statement: 

    The statements in this release relating to the terms and timing of the
proposed offering and the expected use of proceeds from the offering are
forward-looking statements made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These statements
involve risks and uncertainties that could cause actual results to differ
materially, including, but not limited to, whether or not NetApp will
offer the senior notes or consummate the offering, the final terms of the
offering, prevailing market conditions, the anticipated principal amount
of the senior notes which could differ based upon market conditions, the
anticipated use of the proceeds of the offering which could change as a
result of market conditions or for other reasons, interest rates and
corporate considerations and the impact of general economic, industry or
political conditions in the United States or internationally. 

    Investors in NetApp's securities are cautioned not to place undue
reliance on its forward-looking statements, which speak only as of the
date such statements are made. NetApp does not undertake any obligation
to publicly update any forward-looking statements to reflect events,
circumstances or new information after this December 5, 2012 press
release, or to reflect the occurrence of unanticipated events. 


Press Contact:
Ryan Lowry
(408) 822-7544

Investor Contact:
Kris Newton
(408) 822-3312 

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