On May 23, 2025, Texas Instruments Incorporated (TXN, Financial) successfully completed the issuance and sale of $1.2 billion in aggregate principal amount of notes. This strategic financial maneuver includes $550 million of 4.500% Notes due 2030 and $650 million of 5.100% Notes due 2035. The issuance was conducted under an underwriting agreement with Barclays Capital Inc., Morgan Stanley & Co. LLC, and MUFG Securities Americas Inc. acting as underwriters.
The notes were issued pursuant to an Indenture dated May 23, 2011, between Texas Instruments and U.S. Bank Trust Company, National Association, serving as trustee. This issuance is part of Texas Instruments' ongoing efforts to optimize its capital structure and leverage favorable market conditions.
The offering was made under Texas Instruments' Registration Statement on Form S-3, filed on February 14, 2025, and included a prospectus and related supplements dated May 20, 2025. The material terms and conditions of the notes are detailed in the Indenture and Officers’ Certificate, which are incorporated by reference in the company's current report on Form 8-K.
This move is expected to enhance Texas Instruments' financial flexibility, enabling the company to pursue growth opportunities and maintain its competitive edge in the semiconductor industry.
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