Texas Instruments prices $500 million of investment grade notes

OREANDA-NEWS. May 04, 2016. Texas Instruments Incorporated (TI) (NASDAQ: TXN) today announced the pricing of \\$500 million of 1.850% senior unsecured notes due May 15, 2022.

TI expects to use the net proceeds of this offering for repayment of a portion of outstanding debt and the remainder, if any, for general corporate purposes. The offering is expected to close on May 6, 2016.

Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering.

The offering of the notes is made only by means of a prospectus, copies of which may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at Barclaysprospectus@broadridge.com, or by calling (888) 603-5847; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, New York 10038, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com, or by calling (800) 294-1322; Mizuho Securities USA Inc., Attention: Debt Capital Markets, 320 Park Avenue, 12^th Floor, New York, New York 10022, or by calling (866) 271-7403; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (800) 831-9146; J.P. Morgan Securities LLC, Investment Grade Syndicate Desk, 383 Madison Avenue, New York, New York 10179, or by calling (212) 834-4533; Mitsubishi UFJ Securities (USA), Inc., Attention: Capital Markets Group, 1221 Avenue of the Americas, 6^th Floor, New York, New York 10020, or by calling (212) 405-7440; and Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, or by calling (866) 718-1649.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the notes or any other securities, nor will there be any sale of the notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.

About Texas Instruments

Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today.