Buy the stock with a 1.62% dividend and potential for appreciation or the bonds with the 10-year ONLY paying 1.75%? Easy answer for me....
Applied Materials Prices $1.5 Billion of Senior Unsecured Notes - PDF Version
ir.appliedmaterials.com
SANTA CLARA, Calif., May 26, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today announced the pricing of senior unsecured notes in an aggregate principal amount of $1.5 billion. The notes consist of the following tranches:
- $750 million of 1.750% senior unsecured notes due 2030
- $750 million of 2.750% senior unsecured notes due 2050
Applied intends to use a portion of the net proceeds of this offering to redeem or repay at maturity its outstanding $600 million 2.625% senior notes due Oct. 1, 2020, its outstanding $750 million 4.300% senior notes due June 15, 2021 and the balance for general corporate purposes. The foregoing does not constitute a notice of redemption or an obligation to issue a notice of redemption for the 2020 notes or the 2021 notes.
BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers. Citigroup, Mizuho Securities, MUFG, US Bancorp and Wells Fargo Securities are also acting as book-running managers.
The offering was made pursuant to a registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (SEC) and is expected to close on May 29, 2020, subject to customary closing conditions. The offering of securities is being made only by means of a prospectus supplement and accompanying prospectus, which may be obtained by visiting the SEC’s website at globenewswire.com. Copies of these documents may also be obtained from:
| BofA Securities, Inc. | Goldman Sachs & Co. LLC | J.P. Morgan Securities LLC | NC1-004-03-43
200 North College Street,
3rd Floor
Charlotte, NC 28255-0001 | 200 West Street
New York, NY 10282 | 383 Madison Avenue
New York, NY 10179 | | | | | Attn: Prospectus Department
1-800-294-1322
dg.prospectus_requests@bofa.com | Attn: Prospectus Department
1-866-471-2526
Prospectus-ny@ny.email.gs.com | Attn: Investment Grade
Syndicate Desk, 3rd Floor
1-212-834-4533
|
This release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction. |
