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Maxim Integrated Products Inc To Issue $500 Million Of Senior Notes


Monday, 11 Mar 2013 05:15pm EDT 

Maxim Integrated Products Inc announced the offering and pricing of $500 million of its 3.375% Senior Notes due 2023. Subject to market conditions and other factors, Maxim Integrated intends to use the net proceeds from this offering to repurchase shares of its common stock and for general corporate purposes. Maxim Integrated will use its cash on hand to redeem, repurchase or repay at maturity all of its outstanding 3.45% Senior Notes due June 14, 2013. J.P. Morgan Securities LLC and Goldman, Sachs & Co. are joint book-running managers for the offering, which is expected to close on March 18, 2013. 

Company Quote

30.12
-0.13 -0.43%
10:46am EDT