Item 8.01 Other Events. Underwriting Agreement
On
•$750 million aggregate principal amount of 1.750% senior unsecured notes due 2030; and •$750 million aggregate principal amount of 2.750% senior unsecured notes due 2050.
The Notes will be issued and sold in a public offering pursuant to a
registration statement on Form S-3 (File No. 333-225577) (the "Registration
Statement") and related preliminary prospectus supplement filed with the
Applied expects that the net proceeds from the Offering will be approximately
The above description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
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Redemption of 2020 Notes and 2021 Notes
On
The 2020 Notes will be redeemed in accordance with their terms on
The 2021 Notes will be redeemed in accordance with their terms on the Redemption Date at a price equal to the greater of (a) 100% of the principal amount of the 2021 Notes and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the 2021 Notes discounted to the Redemption Date on a semi-annual basis at the treasury rate plus 20 basis points, plus any accrued interest.
Applied intends to use a portion of the net proceeds from the Offering to fund the Redemption.
Forward-Looking Statements
This report contains forward-looking statements, including those regarding the
use of proceeds of the Offering, the completion of the Redemption and the
anticipated source of funds for the Redemption. These statements and their
underlying assumptions are subject to risks and uncertainties and are not
guarantees of future performance. Factors that could cause actual results to
differ materially from those expressed or implied by such statements include the
risks and uncertainties described in Applied's most recent Form 10-Q and other
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement, datedMay 26, 2020 , by and amongApplied Materials, Inc. andBofA Securities, Inc. ,Goldman Sachs & Co. LLC andJ.P. Morgan Securities LLC , as representatives of the several underwriters named therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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