Analog Devices plans to price offering of senior notes in two parts

By Devika Patel

Knoxville, Tenn., March 8 – Analog Devices, Inc. will conduct an offering of senior notes in two tranches, 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.

BofA Merrill Lynch, MUFG, SMBC Nikko and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay a portion of the borrowings under the company’s five-year term loan.

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

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