Summary by Moomoo AI
Applied Materials, Inc., a leading provider of manufacturing equipment, services, and software to the semiconductor industry, has announced the issuance of senior notes due 20XX. The notes, offered globally, will pay interest semi-annually beginning on a specified date in 2024. The company may redeem the notes at any time prior to maturity at specified redemption prices. The offering price, underwriting discount, and proceeds to Applied Materials before expenses are yet to be determined. The issuance is subject to completion and is dated June 6, 2024. The notes are expected to be delivered to investors in registered book-entry form through The Depository Trust Company and its participants, including Clearstream Banking S.A. and Euroclear Bank, on a date around 2024, following the T+3 settlement cycle. The joint book-running managers for the offering include BofA Securities, J.P. Morgan, Citigroup, Mizuho, MUFG, and Wells Fargo Securities.