Analog Devices aims to price offering of senior notes in two tranches

By Devika Patel

Knoxville, Tenn., Nov. 30 – Analog Devices, Inc. will conduct an offering of senior notes in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

There is a change-of-control mandatory put at 101%. The notes have a make-whole call and then a par call.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and MUFG are the bookrunners.

Proceeds will be used for a portion of the cash consideration for the company’s planned merger with Linear Technology Corp. and for general corporate purposes.

The maker of circuits for electronic equipment is based in Norwood, Mass.

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