News Article
TI raising funds
Texas Instruments announces proposed public offering of investment grade notes
Texas Instruments Incorporated has announced that it proposes to offer, subject to market and other considerations, senior unsecured notes. Actual terms of the notes, including interest rate, principal amount, redemption provisions and maturity, will depend on market conditions at the time of pricing. TI intends to use the net proceeds from the sale of the notes primarily to fund the merger with National Semiconductor Corporation and to use the excess, if any, for general corporate purposes.
Morgan Stanley & Co. Incorporated; J.P. Morgan Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and Citigroup Global Markets Inc. are serving as joint book-running managers for the offering.
