Analog Devices Raises $4B Via Debt Offering

by Anusuya Lahiri, Benzinga Editor

September 29, 2021 6:07 AM | 1 min read |

Analog Devices Inc ADI priced notes worth $4 billion in a secondary offering.
The notes included $500 million Floating Rate Senior Notes due October 1, 2024, $750 million 1.7% Sustainability-Linked Senior Notes due October 1, 2028, $1 billion 2.1% Senior Notes due October 1, 2031, $750 million 2.8% senior notes due October 1, 2041 and $1 billion 2.950% senior notes due October 1, 2051.
The offering proceeds will serve debt repayment and general corporate purposes.
Analog Devices held $5.1 billion in debt as of July 31.
Price Action: ADI shares closed lower by 3.18% at $171.29 on Tuesday.

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