ANALOG DEVICES INC (ADI) Form 8-K — Sep 17, 2026
Analog Devices raised $3.0 billion in a senior unsecured notes offering that closed September 17, 2026, issued in four tranches under an underwritten public offering led by J.P. Morgan Securities LLC off its Form S-3 shelf registration (File No. 333-281670). The tranches are $500 million of 5.100% notes due September 15, 2029, $500 million of 5.350% notes due October 1, 2031, $1.0 billion of 5.600% notes due October 1, 2033, and $1.0 billion of 5.750% notes due October 1, 2036, priced between 99.000% and 99.509% of principal, with interest payable semi-annually beginning in 2027.
Key figures
- Debt Amount
- 3000000000
- Interest Rate
- 5.100%-5.750% across the four tranches
- 2029 Notes
- $500,000,000 principal, 5.100% coupon, due September 15, 2029, priced at 99.509% of principal
- 2031 Notes
- $500,000,000 principal, 5.350% coupon, due October 1, 2031, priced at 99.266% of principal
- 2033 Notes
- $1,000,000,000 principal, 5.600% coupon, due October 1, 2033, priced at 99.332% of principal
- 2036 Notes
- $1,000,000,000 principal, 5.750% coupon, due October 1, 2036, priced at 99.000% of principal
- Secured Debt Basket
- greater of 5% of Consolidated Tangible Assets and $750 million
- Change Of Control Put
- 101% of principal plus accrued interest upon a Change of Control Triggering Event
- Cross Default Threshold
- $300,000,000
- Registration Statement
- Form S-3, File No. 333-281670
- Underwriting Agreement Date
- September 15, 2026
AI analysis
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