Applied Materials, Inc. (NASDAQ:AMAT) Files An 8-K Other Events
Item 8.01 Other Events.

On April 3, 2017, Applied Materials, Inc. (“Applied”) issued a notice to redeem all of its 7.125% Senior Notes due 2017 (the “Notes”), of which $200 million aggregate principal amount is outstanding.

The Notes will be redeemed in accordance with their terms on May 4, 2017 (the “Redemption Date”) at a price equal to the greater of (a) 50% of the principal amount of the Notes and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes discounted to the Redemption Date on a semi-annual basis at the treasury rate plus 15 basis points, plus any accrued interest.

Applied intends to use a portion of the net proceeds from the issuance of its senior unsecured notes on March 31, 2017 to fund the redemption of the Notes.

Forward-Looking Statements

This report contains forward-looking statements, including those regarding the completion of the redemption and the anticipated source of funds for the redemption. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include the risks and uncertainties described in Applied’s most recent Form 10-Q and other SEC filings. These and many other factors could cause actual results to differ materially from expectations based on forward-looking statements made in this report or elsewhere by Applied or on its behalf. All forward-looking statements are based on management’s estimates, projections and assumptions as of the date hereof, and Applied assumes no obligation to update them.

About Applied Materials, Inc. (NASDAQ:AMAT)

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

Applied Materials, Inc. (NASDAQ:AMAT) Recent Trading Information

Applied Materials, Inc. (NASDAQ:AMAT) closed its last trading session down -0.01 at 38.89 with 8,567,565 shares trading hands.