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Actionable news in TXN: Texas Instruments Incorporated,

Texas Instruments prices $500 million of investment grade notes

TXN, +1.42% today announced the pricing of $500 million of 1.850% senior unsecured notes due May 15, 2022.

TI expects to use the net proceeds of this offering for repayment of a portion of outstanding debt and the remainder, if any, for general corporate purposes. The offering is expected to close on May 6, 2016.

Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering.

The offering of the notes is made only by means of a prospectus, copies of which may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email...