Norwood, MA (06/25/2009) - Analog Devices (NYSE: ADI), a global manufacturer of high-performance semiconductors for signal processing applications, today announced that it has priced an offering to sell $375 million of 5.00 percent senior unsecured notes due on July 1, 2014. Analog Devices intends to use the net proceeds from the issuance of the debt for general corporate purposes.
The lead book-running managers for the offering are Credit Suisse Securities (USA) LLC and Banc of America Securities LLC and the co-manager is Morgan Stanley & Co. Analog Devices expects the notes offering to close on June 30, 2009, subject to customary closing conditions.
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 Banc of America Securities LLC by directing a request to Banc of America Securities LLC, 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.