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

Aldec Simulator Evaluate Now

Featured Video
Jobs
DSP Tools Engineer for Cirrus Logic, Inc. at Austin, TX
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
Design Verification Engineer for Cirrus Logic, Inc. at Austin, TX
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Senior PIC Test Development Engineer for Infinera Corp at Sunnyvale, CA
Upcoming Events
IC Open Innovation Panel During REUSE 2017 at Santa Clara Convention Center 5001 Great America Parkway Santa Clara CA - Dec 14, 2017
Essentials of Electronic Technology: A Crash Course at Columbia MD - Jan 16 - 18, 2018
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise