Texas Instruments prices $1.2 billion of investment grade notes

Company Overview - Texas Instruments Incorporated (TI) is a global semiconductor company that designs, manufactures, and sells analog and embedded processing chips for various markets including industrial, automotive, personal electronics, enterprise systems, and communications equipment [5]. Financial Offering - TI announced the pricing of two series of senior unsecured notes totaling an aggregate principal amount of $1.2 billion, which includes$550 million of 4.500% senior unsecured notes due May 23, 2030, and $650 million of 5.100% senior unsecured notes due May 23, 2035 [1][6]. - The net proceeds from this offering are expected to be used for general corporate purposes, with the offering anticipated to close on May 23, 2025 [1]. Underwriters - Barclays Capital Inc., Morgan Stanley & Co. LLC, and MUFG Securities Americas Inc. are serving as joint book-running managers for the offering [2].