Texas Instruments Completes $2 Billion Bond Offering Across Four Note Series

Texas Instruments has raised $2 billion through four fixed-rate bond offerings, with maturities stretching from 2028 to 2036. The financing boosts cash on hand while adding years of interest and repayment obligations, though the company hasn’t disclosed how it will use the proceeds.

Texas Instruments completed a $2 billion bond sale on Nov. 9, issuing four series of notes with maturities ranging from 2028 to 2036. The financing adds debt with fixed interest rates of 5% to 5.75%; the company did not specify how it will use the proceeds.

$500 million of 5.000% notes due 2028
$500 million of 5.350% notes due 2031
$500 million of 5.500% notes due 2033
$500 million of 5.750% notes due 2036

The bonds were issued under Texas Instruments’ existing debt indenture. The transaction was arranged by J.P. Morgan Securities, Citigroup Global Markets, BofA Securities and U.S. Bancorp Investments.

The sale gives Texas Instruments $2 billion in financing while adding interest and principal repayment obligations across four future maturity dates. No use of proceeds was specified.

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