Altera Corporation Closes $1 Billion Senior Notes Offering

SAN JOSE, Calif., Nov. 1, 2013 — (PRNewswire) — Altera Corporation (NASDAQ: ALTR) today announced the closing of its previously announced offering of $600 million aggregate principal amount of its 2.500% Senior Notes due 2018 and $400 million aggregate principal amount of its 4.100% Senior Notes due 2023 ("senior notes") under a shelf registration statement on file with the Securities and Exchange Commission.

Separately but contemporaneous with the above offering of senior notes, Altera used foreign cash to purchase intermediate term Treasury notes. The company intends these Treasury securities to represent an economic hedge that will reduce the net cost of the senior notes to the company.

About Altera

Altera® programmable solutions enable designers of electronic systems to rapidly and cost effectively innovate, differentiate and win in their markets. Altera offers FPGAs, SoCs, CPLDs, ASICs and complementary technologies, such as power management, to provide high-value solutions to customers worldwide. Follow Altera via Facebook, Twitter, LinkedIn, Google+ and RSS, and subscribe to product update emails and newsletters. Visit www.altera.com.

ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other words and logos identified as trademarks or service marks are the property of their respective holders as described at www.altera.com/legal.

Cautionary Statement

This press release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, Altera's intended use of any purchased Treasury securities and the net cost of Altera's senior notes. Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, current global economic conditions. Additional risks and uncertainties relating to the offering, Altera and its business can be found under the heading "Risk Factors" in Altera's Annual Report on Form 10-K for the year ended December 31, 2012, in the preliminary prospectus supplement relating to the offering and in the prospectus supplement relating to the offering to be filed with the Securities and Exchange Commission. Altera does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.

SOURCE Altera Corporation

Contact:
Altera Corporation
Scott Wylie, VP Investor Relations, 408-544-6996
Web: http://www.altera.com




Review Article Be the first to review this article

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Design Engineer - Tilt Up and Bracing for Commercial Metals Company at Dallas, Texas
Detailing/ PM Manager for Commercial Metals Company at Dallas, Texas
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Advanced Autonomous Vehicle Designer - AV/XD for Ford Motor Company at Palo Alto, California
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Upcoming Events
Simulation World at United States - Apr 20 - 21, 2021
PLM Road Map & PDT Spring 2021 at 3909 Research Park Drive Ann Arbor MI - May 19 - 20, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
WESTEC Online at Online CA - Sep 21 - 23, 2021
Kenesto: 30 day trial



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise