Benzinga | Sep 8, 2021 05:46AM EDT

Texas Instruments Raises $1.5B Via Debt Offering; Launches 70-W BLDC Motor Drivers

* Texas Instruments Inc (NASDAQ:TXN) priced three series of senior unsecured notes for an aggregate of $1.5 billion.

* The notes include $500 million of 1.125% senior unsecured notes due September 15, 2026; $500 million of 1.900% senior unsecured notes due September 15, 2031; and $500 million of 2.700% senior unsecured notes due September 15, 2051.

* The offering proceeds will serve general corporate purposes.

* TI held $5.8 billion in long-term debt as of June 30.

* Additionally, TI launched 70-W brushless DC (BLDC), motor drivers for code-free, sensorless trapezoidal, and field-oriented control (FOC).

* A growing number of industrial systems are transitioning from AC induction to BLDC motors, which are more power-efficient but require complex hardware and optimized software designs.

* The MCF8316A and MCT8316A BLDC motor drivers include a unique set of commutation control algorithms that eliminate months of design time. They offer advanced real-time control capabilities for acoustic performance. They enable designers to shrink their board space and reduce total motor system costs.

* Price Action: TXN shares closed lower by 0.22% at $189.46 on Tuesday.