MAXIM INTEGRATED PRODUCTS, INC. (NASDAQ:MXIM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
entered into an underwriting agreement (the Underwriting
Agreement) with Merrill Lynch, Pierce, Fenner Smith Incorporated
in its capacity as representative of the several underwriters
named therein (the Underwriters). to the Underwriting Agreement
and subject to the terms and conditions expressed therein, the
Company agreed to issue and sell to the Underwriters, and the
Underwriters agreed to purchase for resale to the public, $500
million aggregate principal amount of the Companys 3.450% Senior
Notes due 2027 (the Notes). The Notes will be sold to the
Underwriters at an issue price of 99.274% of the principal amount
thereof, and the Underwriters will offer the Notes to the public
at a price of 99.924% of the principal amount thereof. The
offering of the Notes is expected to be completed on June 15,
2017.
$495.1 million from the offering after deducting the underwriting
discounts and estimated offering expenses payable by the Company.
The Company intends to use the net proceeds from the offering for
general corporate purposes.
and will rank equally with all of the Companys existing and
future unsecured and unsubordinated obligations. Interest on the
Notes will be payable semi-annually on June 15 and December 15 of
each year, beginning on December 15, 2017.
registration statement on Form S-3 (File No. 333-213110) (the
Registration Statement).
purport to be complete and is qualified in its entirety by
reference to the full text of the Underwriting Agreement, which
is filed as Exhibit 1.1 hereto and incorporated by reference
herein.
the pricing of its offering of the Notes. A copy of this press
release is attached as Exhibit 99.1 hereto and is incorporated by
reference herein.
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Exhibit
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Description
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1.1
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Underwriting Agreement, dated June 8, 2017, between
Maxim Integrated Products, Inc. and Merrill Lynch, Pierce, Fenner Smith Incorporated, in its capacity a representative of the several underwriters named therein. |
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99.1
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Press release, dated June 8, 2017.
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About MAXIM INTEGRATED PRODUCTS, INC. (NASDAQ:MXIM)
Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets. It offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.
