Applied Materials in $1.5 Billion Offering
May 26, 2020
Cleary Gottlieb represented Applied Materials, Inc. (Applied Materials) in an SEC-registered offering of $750 million aggregate principal amount of 1.750% senior notes due 2030 and $750 million aggregate principal amount of its 2.750% senior notes due 2050.
The offering was underwritten by a syndicate of investment banks led by BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC. The transaction priced on May 26, 2020, and is expected to close on May 29, 2020.
Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Its expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality.