logo
  Join        Login             Stock Quote

Analog Devices Announces Redemption of 5.00% Senior Notes Due 2014

Wednesday, May 22, 2013 5:23 PM


Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, today announced that it has given notice of the redemption of its outstanding 5.00% senior unsecured notes due 2014 (the “2014 Senior Notes”).

As of May 22, 2013, $375 million in aggregate principal amount of the 2014 Senior Notes is outstanding. In accordance with the terms of the indenture governing the 2014 Senior Notes, they will be redeemed on June 6, 2013 (the “Redemption Date”) for an aggregate redemption price equal to approximately $393 million, plus accrued and unpaid interest to, but excluding, the Redemption Date. The Bank of New York Mellon, the trustee for the 2014 Senior Notes, is mailing a Notice of Redemption to all registered holders of the 2014 Senior Notes today. Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the 2014 Senior Notes may be obtained from The Bank of New York Mellon by calling (412) 236-1201.

About Analog Devices

Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 60,000 customers, representing virtually all types of electronic equipment. Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices is included in the S&P 500 Index.

(Source: Business Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.