Applied Materials, Inc. has announced the pricing of its 4.800% Senior Notes due 2029, with a principal amount of $700 million. The notes, which mature on June 15, 2029, have been priced at 99.806% of their principal amount, yielding 4.844% to maturity. Interest on the notes will be paid semi-annually, starting December 15, 2024. The company has the option to redeem the notes before May 15, 2029, at a price based on the greater of a calculated redemption price or 100% of the principal amount plus accrued interest. In the event of a change of control, the notes can be sold back at 101% of the principal amount plus accrued interest. The notes have been rated A2 by Moody's and A by S&P. The settlement date for the offering is set...Show More

Applied Materials, Inc. has announced the pricing of its 4.800% Senior Notes due 2029, with a principal amount of $700 million. The notes, which mature on June 15, 2029, have been priced at 99.806% of their principal amount, yielding 4.844% to maturity. Interest on the notes will be paid semi-annually, starting December 15, 2024. The company has the option to redeem the notes before May 15, 2029, at a price based on the greater of a calculated redemption price or 100% of the principal amount plus accrued interest. In the event of a change of control, the notes can be sold back at 101% of the principal amount plus accrued interest. The notes have been rated A2 by Moody's and A by S&P. The settlement date for the offering is set for June 11, 2024, with a T+3 settlement period. The joint book-running managers for the offering include BofA Securities, J.P. Morgan Securities, and others, with several co-managers also involved. The offering is part of a registration statement filed with the SEC, and the prospectus is available upon request from the underwriters.