Applied Materials, Inc., a leading company in the materials engineering solutions sector, has successfully completed a significant financial transaction. On June 11, 2024, the company finalized a registered public offering of senior unsecured notes valued at $700 million with a 4.800% interest rate, maturing in 2029. This offering was conducted under an underwriting agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, who acted as representatives for the underwriters. The legal framework for the offering includes a Base Indenture and a Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., serving as trustee. Applied Materials plans to allocate the net proceeds from this offering towards general corporate purposes. The notes will pay interest semi-annually and contain provisions for...Show More

Applied Materials, Inc., a leading company in the materials engineering solutions sector, has successfully completed a significant financial transaction. On June 11, 2024, the company finalized a registered public offering of senior unsecured notes valued at $700 million with a 4.800% interest rate, maturing in 2029. This offering was conducted under an underwriting agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, who acted as representatives for the underwriters. The legal framework for the offering includes a Base Indenture and a Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., serving as trustee. Applied Materials plans to allocate the net proceeds from this offering towards general corporate purposes. The notes will pay interest semi-annually and contain provisions for repurchase in the event of a change in control and a downgrade of the notes' rating, as well as options for redemption by the company. The transaction was initially agreed upon on June 6, 2024, and includes standard representations, warranties, and indemnification rights. Legal counsel Wilson Sonsini Goodrich & Rosati provided an opinion on the legality of the notes, which is filed with the SEC along with other relevant documents.