OREANDA-NEWS. Texas Instruments Incorporated (TI) (NASDAQ: TXN) today announced the pricing of $500 million of 1.850% senior unsecured notes due May 15, 2022.

TI expects to use the net proceeds of this offering for repayment of a portion of outstanding debt and the remainder, if any, for general corporate purposes. The offering is expected to close on May 6, 2016.

Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering.