Applied Materials, Inc. (NASDAQ:AMAT) Files An 8-K Other Events
Item8.01
| Other Events. |
On March28, 2017, Applied Materials, Inc. (Applied) entered into
an underwriting agreement (the Underwriting Agreement) with J.P.
Morgan Securities LLC, Citigroup Global Markets Inc. and MUFG
Securities Americas Inc., as representatives of the several
underwriters named in the agreement. The Underwriting Agreement
provides for the issuance and sale by Applied of senior unsecured
notes in the aggregate principal amount of $2.2 billion
(collectively, the Notes) in the following tranches:
|
$1.2 billion aggregate principal amount of 3.300% senior unsecured notes due 2027; and |
|
$1.0 billion aggregate principal amount of 4.350% senior unsecured notes due 2047. |
The Notes will be issued and sold in a public offering to a
registration statement on Form S-3 (File No.333-205584) (the
Registration Statement) and related preliminary prospectus
supplement filed with the Securities and Exchange Commission on
March28, 2017, and a related final prospectus supplement filed on
March29, 2017. The Underwriting Agreement contains customary
representations, warranties and agreements by Applied, and
customary closing conditions, indemnification rights and
termination provisions.
Applied expects that the net proceeds from the sale of the Notes
will be approximately $2.18billion after deducting underwriting
discounts and estimated offering expenses. Applied intends to use
a portion of the net proceeds to redeem or repay Applieds
outstanding $200million 7.125% senior notes due October 2017 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 7.125% senior notes.
The above description of the Underwriting Agreement is qualified
in its entirety by reference to the Underwriting Agreement, which
is filed as Exhibit 1.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
The computation of Applieds ratio of earnings to fixed charges is
filed as Exhibit 12.1 hereto, and is incorporated by reference
into the Registration Statement.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
ExhibitNo. |
Description |
|
| 1.1 |
Underwriting Agreement, dated March28, 2017, by and among Applied Materials, Inc. and J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and MUFG Securities Americas Inc., as representatives of the several underwriters named therein. |
|
| 12.1 | Computation of ratio of earnings to fixed charges. |
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 up +0.02 at 38.89 with 5,991,106 shares trading hands.