Analog Devices launches commercial paper program to issue up to $2.5B
Analog Devices (NASDAQ:ADI) to launch an unsecured commercial paper program, under which the company may issue short-term, unsecured commercial paper notes up to a maximum face amount of $2.5B outstanding.
Amounts available under the CP Program may be borrowed, repaid, andÂ re-borrowedÂ from time to time. 
The company intends to use the net proceeds of the notes for general corporate purposes, including without limitation, repayment of indebtedness, stock repurchases, acquisitions, capital expenditures and working capital.
Press release