Texas Instruments Incorporated (TI) announced the pricing of five series of senior unsecured notes for an aggregate principal amount of $3.0 billion. The notes consist of the following: $650 million of 4.600% senior unsecured notes due February 8, 2027; $650 million of 4.600% senior unsecured notes due February 8, 2029; $600 million of 4.850% senior unsecured notes due February 8, 2034; $750 million of 5.150% senior unsecured notes due February 8, 2054; and $350 million of 5.050% senior unsecured notes due May 18, 2063. The 5.050% notes due 2063 will be a further issuance of, and form a single series with, the $1.2 billion aggregate principal amount of the existing 5.050% notes due 2063 issued by TI on May 18, 2023.

Each of the 4.600% notes due 2027, the 4.600% notes due 2029, the 4.850% notes due 2034 and the 5.150% notes due 2054 will be a new issuance. TI expects to use the net proceeds of this offering for general corporate purposes. The offering is expected to close on February 8, 2024.