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- Analog Devices Inc (NASDAQ:ADI) priced notes worth $4 billion in a secondary offering.
- The notes included $500 million Floating Rate Senior Notes due October 1, 2024, $750 million 1.7% Sustainability-Linked Senior Notes due October 1, 2028, $1 billion 2.1% Senior Notes due October 1, 2031, $750 million 2.8% senior notes due October 1, 2041 and $1 billion 2.950% senior notes due October 1, 2051.
- The offering proceeds will serve debt repayment and general corporate purposes.
- Analog Devices held $5.1 billion in debt as of July 31.
- Price Action: ADI shares closed lower by 3.18% at $171.29 on Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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