NetApp Prices $500,000,000 of Senior Notes
June 02 2014 - 8:15PM
Marketwired
NetApp Prices $500,000,000 of Senior Notes
SUNNYVALE, CA--(Marketwired - Jun 2, 2014) - NetApp, Inc.
(NASDAQ: NTAP) today announced the pricing of $500,000,000 in
aggregate principal amount of its 3.375% senior notes due 2021 (the
"Notes").
The offering is expected to close, subject to customary closing
conditions, on June 5, 2014. The Notes were priced to yield
3.426%.
NetApp intends to use the net proceeds from this offering for
general corporate purposes, which may include capital expenditures,
possible stock repurchases and dividends, working capital and
potential acquisitions and strategic transactions.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan
Stanley & Co. LLC are acting as joint book-running managers.
Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner &
Smith Incorporated and Wells Fargo Securities, LLC are acting as
co-managers.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the senior notes or any
other securities nor shall there be any sale of the senior notes or
any other securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. The offering of senior
notes may be made only by means of a preliminary prospectus
supplement and the accompanying prospectus, copies of which can be
obtained from:
Goldman, Sachs & Co. 200 West Street New York, New York
10282-2198 Attention: Prospectus Department Tel: 1-866-471-2526
Fax: (212) 902-9316
J.P. Morgan Securities LLC 383 Madison Ave. New York, New York
10179 Attention: Investment Grade Syndicate Desk Tel: (212)
834-4533 Fax: (212) 834-6081
Morgan Stanley & Co. LLC 180 Varick Street New York, New
York 10014 Attention: Prospectus Department Tel: (866) 718-1649
About NetApp
NetApp creates innovative storage and data management solutions
that deliver outstanding cost efficiency and accelerate business
breakthroughs. Discover our passion for helping companies around
the world go further, faster.
Cautionary Statement:
The statements in this release relating to the terms and timing
of the proposed offering and the expected use of proceeds from the
offering are forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements involve risks and uncertainties that
could cause actual results to differ materially, including, but not
limited to, whether or not NetApp will consummate the offering,
prevailing market conditions, the anticipated use of the proceeds
of the offering which could change as a result of market conditions
or for other reasons, interest rates and corporate considerations
and the impact of general economic, industry or political
conditions in the United States or internationally.
Investors in NetApp's securities are cautioned not to place
undue reliance on its forward-looking statements, which speak only
as of the date such statements are made. NetApp does not undertake
any obligation to publicly update any forward-looking statements to
reflect events, circumstances or new information after this June 2,
2014 press release, or to reflect the occurrence of unanticipated
events.
Press Contact: Jeremiah Glodoveza NetApp 408-822-4567 Email
Contact Investor Contact: Kris Newton NetApp 408-822-3312 Email
Contact
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