Texas Instruments (TXN) has released an update.
Texas Instruments has successfully completed a significant financial move by issuing $3 billion in Notes with varying maturities ranging from 2027 to 2063, at interest rates between 4.600% and 5.150%. This strategic issuance, executed with the collaboration of major underwriters like BofA Securities, Citigroup Global Markets Inc., and Mizuho Securities USA LLC, is designed to strengthen the company’s capital structure and provide a solid investment opportunity for those interested in the tech sector’s financial instruments.
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For a comprehensive understanding of the announcement, you can read the full document here.