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.
Frequently Asked Questions
The main event was Analog Devices, Inc. (ADI) settling the redemption of all its outstanding 3.00% senior unsecured notes due 2016.
ADI paid an aggregate of approximately $378 million to redeem the notes.
The principal amount of the notes redeemed was $375 million.
The redemption price was 100.79% of the principal amount of the notes, plus accrued and unpaid interest.