Summary
Analog Devices, Inc. (ADI) announced the settlement of its redemption of all outstanding 3.00% senior unsecured notes due 2016 on December 18, 2015. This action involved the company paying approximately $378 million to retire the entire $375 million principal amount of these notes. The redemption price was set at 100.79% of the principal, along with accrued and unpaid interest up to the redemption date.
Key Highlights
- 1ADI completed the redemption of its 3.00% senior unsecured notes due 2016.
- 2The total principal amount of notes redeemed was $375 million.
- 3The aggregate payment made for the redemption was approximately $378 million.
- 4The redemption price was 100.79% of the principal amount.
- 5Accrued and unpaid interest was also paid up to December 18, 2015.