Texas Instruments Prices $2 Billion Debt Offering to Fund Silicon Laboratories Acquisition
Texas Instruments (TXN) has finalized the pricing of four series of senior unsecured notes totaling $2 billion. The capital raised is specifically intended to finance the company's acquisition of Silicon Laboratories (SLAB). The debt offering consists of four equal tranches of $500 million each, with maturities ranging from 2028 to 2033. Interest rates for these notes are set between 5.000% and 5.500%, providing the necessary liquidity to complete the strategic expansion into Silicon Laboratories' technology portfolio.
