Analog Devices issues $3 billion in senior notes due 2029 to 2036
Analog Devices sold $3 billion of unsecured senior notes in four tranches maturing between 2029 and 2036, under an underwriting agreement dated September 15, 2026. The notes carry fixed rates from 5.100% to 5.750% and are not guaranteed by subsidiaries, so the debt adds to the company's borrowings at these rates.
Key points
- Four tranches: $500 million due September 15, 2029 (5.100%); $500 million due October 1, 2031 (5.350%); $1 billion due October 1, 2033 (5.600%); $1 billion due October 1, 2036 (5.750%)
- Notes were issued September 17, 2026 under an effective Form S-3 shelf registration and sold in an underwritten public offering led by J.P. Morgan Securities LLC
- Company may redeem each series before its par call date at the greater of a make-whole price or 100% of principal, and at 100% of principal afterward
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.