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NetApp Inc Announces Offering of Senior Notes

Wednesday, 5 Dec 2012 08:31am EST 

NetApp Inc 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. 

Company Quote

0.59 +1.53%
2:26pm EDT