TEXAS INSTRUMENTS INC (TXN) Form 424B5 — Oct 26, 2026
Texas Instruments filed a preliminary prospectus supplement for a four-tranche senior unsecured notes offering, with principal amounts, coupons and maturities blank pending pricing. Net proceeds will finance part of the ~$7.5 billion all-cash acquisition of Silicon Labs at $231.00 per share, expected to close in the first half of 2027. The notes carry a special mandatory redemption at 101% of principal plus accrued interest if the acquisition is not consummated by the applicable termination deadline (originally February 4, 2027, extendable under the merger agreement). The notes are not conditioned on deal completion, and there is no escrow of proceeds.
Key figures
- Total Debt
- 13700000000
- Debt Amount
- undisclosed (four tranches of senior notes, aggregate principal amount blank pending pricing)
- Cash Position
- 8142000000
- Enterprise value
- approximately $7.5 billion
- Stockholders equity
- $19,185 million
- Other long term debt
- $12,905 million
- Delayed draw term loan
- $5 billion 364-day facility (undrawn as of September 30, 2026)
- Existing total liabilities
- $17.7 billion
- Acquisition price per share
- $231.00 per Silicon Labs share (all cash)
- Acquisition closing expectation
- first half of 2027
- Special mandatory redemption price
- 101% of principal plus accrued interest
AI analysis
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