Benzinga | Sep 29, 2021 06:08AM EDT

Analog Devices Raises $4B Via Debt Offering

* Analog Devices Inc (NASDAQ:ADI) priced notes worth $4 billion in a secondary offering.

* The notes included $500 million Floating Rate Senior Notes due October 1, 2024, $750 million 1.7% Sustainability-Linked Senior Notes due October 1, 2028, $1 billion 2.1% Senior Notes due October 1, 2031, $750 million 2.8% senior notes due October 1, 2041 and $1 billion 2.950% senior notes due October 1, 2051.

* The offering proceeds will serve debt repayment and general corporate purposes.

* Analog Devices held $5.1 billion in debt as of July 31.

* Price Action: ADI shares closed lower by 3.18% at $171.29 on Tuesday.