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Intends to use the net proceeds to fund its planned merger with Varian
June 2, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. announced the pricing of senior unsecured notes in an aggregate principal amount of $1.75 billion. The notes consist of the following tranches: • $400 million of 2.65% senior unsecured notes due 2016 • $750 million of 4.30% senior unsecured notes due 2021 • $600 million of 5.85% senior unsecured notes due 2041 Applied intends to use the net proceeds from this offering, together with available cash and the proceeds from borrowings under its revolving credit facili...
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