SUNNYVALE, Calif., June 10, 2010 (GLOBE NEWSWIRE) -- Maxim Integrated Products, Inc. (Nasdaq:MXIM) today announced that it has priced a public offering of senior notes due 2013 in an aggregate principal amount of $300.0 million with a coupon interest rate of 3.45 percent per year. Maxim intends to use the net proceeds from this offering for general corporate purposes, including to fund acquisitions and repurchase its common stock.
J.P. Morgan Securities Inc. and Goldman, Sachs & Co. are joint book-running managers for this offering, which is expected to close on June 17, 2010. A prospectus relating to the senior notes offering may be obtained from either of the following: J.P. Morgan Securities Inc., Attn: High Grade Debt Syndicate Desk, 383 Madison Avenue, New York, New York, 10179, telephone: collect at (212) 834-4533; or Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316 or by emailing prospectus-ny@ny.email.gs.com.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.
About Maxim
Maxim Integrated Products designs, manufactures, and sells high-performance semiconductor products. To date, it has developed over 6,300 products serving the industrial, communications, consumer, and computing markets.
"Safe Harbor" Statement
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.