Texas Instruments $700 million notes offering
We advised Texas Instruments on its investment-grade debt offering
Davis Polk advised Texas Instruments Incorporated in connection with its SEC-registered offering of $400 million aggregate principal amount of its 3.650% senior notes due 2032 and $300 million aggregate principal amount of its 4.100% senior notes due 2052. Texas Instruments intends to use the net proceeds from the offering for general corporate purposes.
Texas Instruments designs and makes semiconductors that it sells to electronics designers and manufacturers all over the world. Its operations began in 1930 and it is incorporated in Delaware. With headquarters in Dallas, Texas, Texas Instruments has design, manufacturing and sales operations in more than 30 countries.
The Davis Polk corporate team included partner Emily Roberts and associate Alex Moss. The tax team included partner Mario J. Verdolini and associate Benjamin Helfgott. Counsel Charles Shi provided executive compensation advice. Members of the Davis Polk team are based in the Northern California and New York offices.