Applied Materials to conduct two-part sale of fixed-rate notes

By Devika Patel

Knoxville, Tenn., May 26 – Applied Materials, Inc. plans to offer fixed-rate senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call initially and then a par call.

BofA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA Inc., MUFG, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to redeem or repay at maturity the company’s $600 million 2.625% senior notes due Oct. 1, 2020 and its $750 million 4.3% senior notes due June 15, 2021, and the balance for general corporate purposes.

Applied Materials is a Santa Clara, Calif., manufacturer of semiconductor equipment.

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