Texas Instruments’ $1.5 Billion Notes Offering

Davis Polk advised Texas Instruments on the offering while Simpson Thacher represented the underwriters.

Texas Instruments Incorporated executed its SEC-registered debt offering of $500 million aggregate principal amount of its 1.125% notes due 2026, $500 million aggregate principal amount of its 1.900% notes due 2031 and $500 million aggregate principal amount of its 2.700% notes due 2051.

Barclays Capital, J.P. Morgan Securities, MUFG Securities Americas, BofA Securities, Citigroup Global Markets, Mizuho Securities USA, Morgan Stanley & Co, Siebert Williams Shank & Co, U.S. Bancorp Investments, BNP Paribas Securities, HSBC Securities acted as the underwriters on the deal.

Texas Instruments designs and makes semiconductors that they sell to electronics designers and manufacturers all over the world.

The Davis Polk corporate team included partner Emily Roberts (Picture) and associates Benson Richards and Claire A. Bacon. Partner Mario J. Verdolini and associate Eitan Ulmer provided tax advice. Counsel Sarah E. Kim provided ‘40 Act advice. Counsel Charles Shi provided executive compensation advice.

The Simpson Thacher team for the transaction included Joseph Kaufman, Catherine Ciriello and Sydney R. Mark (Capital Markets); Jonathan Cantor and Tyler Robbins (Tax); Noreen Lavan (Environmental); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Claire Bacon – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell; Benson Richards – Davis Polk & Wardwell; Emily Roberts – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; Eitan Ulmer – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Catherine Ciriello – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Sydney Mark – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Capital ; BNP Paribas Securities; Citigroup Global Markets Ltd; HSBC Securities; J.P. Morgan Securities LLC; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; Siebert Williams Shank & Co. LLC; Texas Instruments Incorporated; U.S. Bancorp Investments;

Martina Bellini

Author: Martina Bellini