Qualcomm Offers $11.0 Billion in Senior Notes to Finance NXP Acquisition

By Ken Briodagh May 22, 2017

 Qualcomm Incorporated has announced that it has priced a public offering of senior unsecured notes in a combined aggregate principal amount of $11.0 billion, consisting of:

• $0.75 billion three-month LIBOR plus 0.36 percent Floating Rate Notes due 2019

• $0.50 billion three-month LIBOR plus 0.45 percent Floating Rate Notes due 2020

• $0.50 billion three-month LIBOR plus 0.73 percent Floating Rate Notes due 2023

• $1.25 billion 1.85 percent Senior Notes due 2019

• $1.50 billion 2.10 percent Senior Notes due 2020

• $1.50 billion 2.60 percent Senior Notes due 2023

• $1.50 billion 2.90 percent Senior Notes due 2024

• $2.00 billion 3.25 percent Senior Notes due 2027

• $1.50 billion 4.30 percent Senior Notes due 2047

Qualcomm said in the statement that it intends to use the proceeds to fund a portion of the purchase price of Qualcomm's planned acquisition of NXP Semiconductors N.V. and other related transactions as well as for general corporate purposes. The issuance of the notes is expected to close on or about May 26, 2017, subject to customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (SEC). The offering reportedly will be made only by means of a prospectus supplement relating to the offering and the accompanying base prospectus, copies of which may be obtained on the SEC website, or by contacting Goldman Sachs & Co. by emailing or calling 1-866-471-2526;  J.P. Morgan Securities, by calling collect at 212-834-4533; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, by emailing or calling 1-800-294-1322.

Edited by Alicia Young

Editorial Director

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