Summary by Futu AI
Applied Materials, Inc., a leading company in the materials engineering solutions sector, has successfully completed a significant financial transaction. On June 11, 2024, the company finalized a registered public offering of senior unsecured notes valued at $700 million with a 4.800% interest rate, maturing in 2029. This offering was conducted under an underwriting agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, who acted as representatives for the underwriters. The legal framework for the offering includes a Base Indenture and a Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., serving as trustee. Applied Materials plans to allocate the net proceeds from this offering towards general corporate purposes. The notes will pay interest semi-annually and contain provisions for...Show More