TEXAS INSTRUMENTS INC (TXN) Form 424B5 — Oct 27, 2026
Texas Instruments is offering $2 billion of senior unsecured notes in four tranches maturing 2028 through 2036, with coupons ranging from 5.000% to 5.750% and expected net proceeds of roughly $1,987 million.
Key figures
- Total Debt
- approximately $13.7 billion principal outstanding as of September 30, 2026; ~$14.9 billion long-term debt as adjusted
- Debt Amount
- 2000000000
- Cash Position
- 8142000000
- Interest Rate
- 5.000% (2028), 5.350% (2031), 5.500% (2033), 5.750% (2036)
- Maturity Date
- November 9, 2028 / November 9, 2031 / November 9, 2033 / November 9, 2036
- Gross Proceeds
- 1995515000
- Cash as adjusted
- 10129000000
- Delayed draw term loan
- up to $5 billion (364-day, undrawn as of September 30, 2026)
- Acquisition price per share
- $231.00
- Net proceeds after expenses
- approximately $1,987 million
- Acquisition enterprise value
- approximately $7.5 billion
- Special mandatory redemption price
- 101% of principal plus accrued interest
AI analysis
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