Analog Devices to redeem its outstanding senior notes due 2027
Analog Devices (NASDAQ:ADI) announced that it will redeem for cash all of the outstanding 3.450% senior notes due June 15, 2027 issued by its wholly-owned subsidiary Maxim Integrated Products.
The company plans to fund the aggregate redemption price using cash on hand.
The redemption date for the Maxim Notes will be Apr.26, 2023.
As of Mar. 24, 2023, $59.8M principal amount of the Maxim Notes is outstanding.