Texas Instruments Completes $2 Billion Senior Notes Offering; Use of Proceeds Undisclosed
Texas Instruments finalized a $2 billion unsecured senior notes issuance on November 9, 2026, structured into four tranches maturing between 2028 and 2036, with no disclosure of intended use of proceeds.
US semiconductor manufacturer Texas Instruments Incorporated announced in an SEC Form 8-K filing dated November 9, 2026, that it has consummated the issuance and sale of $2 billion in aggregate principal amount of unsecured senior notes. The offering was divided into four equal tranches of $500 million each: 5.000% Notes due 2028, 5.350% Notes due 2031, 5.500% Notes due 2033, and 5.750% Notes due 2036.
The transaction was conducted pursuant to an underwriting agreement dated October 26, 2026, with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., BofA Securities, Inc., and U.S. Bancorp Investments, Inc. acting as representatives of the several underwriters. The notes were issued under Texas Instruments' Registration Statement on Form S-3 filed in February 2025.
While the filing confirms the completion of the financing, it does not specify the intended use of proceeds. This event indicates Texas Instruments' successful access to long-term capital markets at fixed rates, which may influence its future capital expenditure flexibility and balance sheet management.