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Texas Instruments prices $2.0 billion of investment grade notes

Proceeds are expected to fund part of the Silicon Laboratories acquisition purchase price and related fees and expenses.

(Neutral)

Sentiment and the balance of points

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Tags

Texas Instruments (Nasdaq: TXN) priced four series of senior unsecured notes with an aggregate principal amount of $2.0 billion. Each series totals $500 million: 5.000% notes due November 9, 2028; 5.350% notes due November 9, 2031; 5.500% notes due November 9, 2033; and 5.750% notes due November 9, 2036.

TI expects to issue the notes on November 9, 2026 and use the proceeds to finance a portion of the purchase price for its acquisition of Silicon Laboratories and pay related fees and expenses.

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1 point · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

  • Moderate point. Forward-looking: it has not happened yet and may not happen.$2.0 billion note offering is expected to help finance the Silicon Laboratories acquisition and related fees and expenses.

Negative

  • Minor point$500 million of senior unsecured debt carries 5.000% interest, due November 9, 2028.
  • Minor point$500 million of senior unsecured debt carries 5.350% interest, due November 9, 2031.
  • Minor point$500 million of senior unsecured debt carries 5.500% interest, due November 9, 2033.
  • Minor point$500 million of senior unsecured debt carries 5.750% interest, due November 9, 2036.

Key Figures

Aggregate principal: $2.0 billion Coupon: 5.000% Coupon: 5.350% +3 more
Aggregate principal
$2.0 billion
Four series of senior unsecured notes
Coupon
5.000%
$500 million tranche; due November 9, 2028
Coupon
5.350%
$500 million tranche; due November 9, 2031
Coupon
5.500%
$500 million tranche; due November 9, 2033
Coupon
5.750%
$500 million tranche; due November 9, 2036
Expected issuance
November 9, 2026
Senior unsecured notes

Key Terms

senior unsecured notes, prospectus supplement
2 terms
senior unsecured notes financial
"four series of senior unsecured notes"
Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.
prospectus supplement regulatory
"a prospectus and a related prospectus supplement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, Oct. 26, 2026 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today announced the pricing of four series of senior unsecured notes for an aggregate principal amount of $2.0 billion. The notes consist of the following:

  • $500 million of 5.000% senior unsecured notes due November 9, 2028;
  • $500 million of 5.350% senior unsecured notes due November 9, 2031;
  • $500 million of 5.500% senior unsecured notes due November 9, 2033; and
  • $500 million of 5.750% senior unsecured notes due November 9, 2036.

The notes are expected to be issued on November 9, 2026.

TI expects to use the proceeds of the offering to finance a portion of the purchase price for the acquisition of Silicon Laboratories Inc. and to pay related fees and expenses.

J.P. Morgan Securities LLC; Citigroup Global Markets Inc.; BofA Securities, Inc.; and U.S. Bancorp Investments, Inc. are serving as joint book-running managers for the offering. Barclays Capital Inc.; Mizuho Securities USA LLC; Morgan Stanley & Co. LLC; and MUFG Securities Americas Inc. are also acting as book-running managers. Goldman Sachs & Co. LLC is acting as co-manager.

The offering of the notes is made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov or, in the alternative, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Citigroup Global Markets Inc. at 1-800-831-9146 (toll-free); BofA Securities, Inc. at 1-800-294-1322 (toll-free); or U.S. Bancorp Investments, Inc. at 1-877-558-2607 (toll-free).

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 (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere.

TXN-G

Texas Instruments Logo. (PRNewsFoto/Texas Instruments Incorporated)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/texas-instruments-prices-2-0-billion-of-investment-grade-notes-302920061.html

SOURCE Texas Instruments Incorporated

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Texas Instruments raising through its note offering, and when will the notes be issued?

Texas Instruments priced $2.0 billion in senior unsecured notes and expects to issue them on November 9, 2026. The offering comprises four series of $500 million each.

What will Texas Instruments use the note offering proceeds for?

TI expects to use the proceeds to finance a portion of the purchase price for the acquisition of Silicon Laboratories and to pay related fees and expenses.

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