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Applied Materials Prices $1.8 Billion of Senior Unsecured Notes

SANTA CLARA, Calif., September 21, 2015 - Applied Materials, Inc. (AMAT) today announced the pricing of senior unsecured notes in an aggregate principal amount of $1.8 billion. The notes consist of the following tranches:

  • $600 million of 2.625% senior unsecured notes due 2020
  • $700 million of 3.900% senior unsecured notes due 2025
  • $500 million of 5.100% senior unsecured notes due 2035

Applied intends to use a portion of the net proceeds of this offering to redeem or repay its outstanding $400 million 2.650% notes due June 15, 2016 and the balance for general corporate purposes. The foregoing does not constitute a notice of redemption or an obligation to issue a notice of redemption for the 2.650% notes.

J.P. Morgan, Citigroup, MUFG and Goldman, Sachs & Co. are acting as joint book-running managers.

The offering was made pursuant to a registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (SEC) and is expected to close on September 24, 2015, subject to customary closing conditions. The offering of securities is being made only by means of a prospectus supplement and...