Norwood, MA (03/30/2011) - Analog Devices (NYSE: ADI), a global manufacturer of high-performance semiconductors for signal processing applications, today announced that it has priced an offering of $375 million aggregate principal amount of 3.00 percent senior unsecured notes due April 15, 2016. The offering is being conducted pursuant to an effective registration statement under the Securities Act of 1933.
Analog Devices intends to use the net proceeds from this offering for general corporate purposes, which may include repurchases of common stock under its stock repurchase program, acquisitions, dividend payments and capital expenditures.
The joint book-running managers for the offering are Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, and the co-manager is Goldman, Sachs & Co.
Analog Devices has filed a registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the supplement thereto and the other documents that Analog Devices has filed with the SEC for more complete information about Analog Devices and this offering. These documents are available at no charge by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, these documents will be made available upon request by Analog Devices or by any underwriter or dealer participating in the offering. Interested parties may obtain a prospectus from Credit Suisse Securities (USA) LLC by directing a request to Credit Suisse Securities (USA) LLC, Document Retention, 11 Madison Avenue, New York, NY 10010, or by calling 1-800-221-1037; or from Merrill Lynch, Pierce, Fenner & Smith Incorporated by directing a request to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, NY 10001, or by calling 1-800-294-1322.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 60,000 customers, representing virtually all types of electronic equipment. Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices is included in the S&P 500 Index.