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

By Devika Patel

Knoxville, Tenn., March 28 – Applied Materials, Inc. plans to offer fixed-rate senior notes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.

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

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, MUFG and Goldman Sachs & Co. are the bookrunners.

Proceeds will be used to redeem or repay at maturity the company’s $200 million 7.125% senior notes due Oct. 15, 2017, and the balance for general corporate purposes.

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

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