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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 223.95+1.7%Nov 21 3:59 PM EST

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From: Gottfried6/1/2011 8:55:56 PM
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"Applied Materials Prices $1.75 Billion of Senior Unsecured Notes

SANTA CLARA, Calif., June 1, 2011 - Applied Materials, Inc. (NASDAQ: AMAT) today announced the pricing of senior unsecured notes in an aggregate principal amount of $1.75 billion. The notes consist of the following tranches:



$400 million of 2.65% senior unsecured notes due 2016

$750 million of 4.30% senior unsecured notes due 2021

$600 million of 5.85% senior unsecured notes due 2041



Applied intends to use the net proceeds from this offering, together with available cash and the proceeds from borrowings under its revolving credit facility or other short-term debt, to fund its planned merger with Varian Semiconductor Equipment Associates, Inc. (Varian) under an Agreement and Plan of Merger dated May 3, 2011, and to pay certain costs associated with the merger."

investors.appliedmaterials.com

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