NetApp Prices $800,000,000 of Senior Notes
September 26 2017 - 9:40PM
NetApp, Inc. (NASDAQ:NTAP) today announced the pricing of
$400,000,000 in aggregate principal amount of its 2.000% Senior
Notes due 2019 that will bear interest at 2.000% per annum and
$400,000,000 in aggregate principal amount of its 3.300% Senior
Notes due 2024 that will bear interest at 3.300% per annum.
The offering is expected to close, subject to customary closing
conditions, on September 29, 2017.
NetApp intends to use the net proceeds from this offering for
general corporate purposes, including repayment of $750 million in
aggregate principal amount of NetApp’s outstanding 2.00% Senior
Notes due 2017 (including accrued and unpaid interest and any
make-whole payment thereon) on or prior to their maturity in
December 2017.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC,
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Merrill
Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities
Americas Inc. and Wells Fargo Securities, LLC are acting as joint
book-running 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:
J.P. Morgan
Securities LLC383 Madison Ave.New York, NY 10179Attention:
Investment Grade Syndicate Desk Tel: (212) 834-4533Fax:
(212) 834-6081 |
Morgan Stanley & Co. LLC180 Varick StreetNew
York, NY 10014Attention: Prospectus DepartmentTel: (866)
718-1649 |
Citigroup Global Markets Inc.c/o Broadridge
Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Tel:
(800) 831-9146Email: prospectus@citi.com |
Goldman Sachs
& Co. LLC200 West StreetNew York, NY 10282Attention:
Prospectus DepartmentTel: (866) 471-2526Fax: (212) 902-9316Email:
prospectus-ny@ny.email.gs.com |
Merrill Lynch,
Pierce, Fenner & Smith
Incorporated NC1-004-03-43200 North College Street,
3rd FloorCharlotte, NC 28255Attention: Prospectus DepartmentTel:
(800) 294-1322Email: dg.prospectus_requests@baml.com |
MUFG Securities Americas Inc.Tel: (877) 649-6848
|
Wells Fargo
Securities, LLC608 2nd Avenue South, Suite
1000Minneapolis, MN 55402Attention: WFS Customer ServiceTel: (800)
645-3751Email: wtscustomerservice@wellsfargo.com |
|
About NetApp
NetApp is a leading data authority for hybrid cloud
environments. We provide a full range of hybrid cloud data
services that simplify management of applications and data across
cloud and on-premises environments to accelerate digital
transformation. Together with our partners, we empower global
organizations to unleash the potential of their data to expand
customer touchpoints, foster greater innovation and optimize their
operations.
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
September 26, 2017 press release, or to reflect the occurrence of
unanticipated events.
Press
Contact:Madge MillerNetApp(408)
419-5263madge.miller@netapp.com |
|
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Investor
Contact:Kris NewtonNetApp(408)
822-3312kris.newton@netapp.com |
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