ADI prices $3.0 billion of senior notes in four tranches due 2029 to 2036

Analog Devices sold $3.0 billion of senior notes in four tranches: $500 million due 2029, $500 million due 2031, $1.0 billion due 2033 and $1.0 billion due 2036. Coupons run from 5.100% to 5.750%, and the notes settled on or about September 17, 2026. Net proceeds were about $2.97 billion for general corporate purposes, which the filing says may include the Alif purchase price, buybacks and debt refinancing.

• Tranches: $500M 5.100% due Sept 15, 2029; $500M 5.350% due Oct 1, 2031; $1.0B 5.600% due Oct 1, 2033; $1.0B 5.750% due Oct 1, 2036.
• Aggregate price to public about $2.995 billion; estimated net proceeds about $2.969 billion.
• Joint bookrunners include J.P. Morgan, Barclays, BNP Paribas, BofA Securities, Citigroup and Morgan Stanley.