The notes consist of the following:
- $650 million of 4.600% senior unsecured notes due February 8, 2027;
- $650 million of 4.600% senior unsecured notes due February 8, 2029;
- $600 million of 4.850% senior unsecured notes due February 8, 2034;
- $750 million of 5.150% senior unsecured notes due February 8, 2054; and
- $350 million of 5.050% senior unsecured notes due May 18, 2063
The 5.050% notes due 2063 will be a further issuance of, and form a single series with, the $1.2 billion aggregate principal amount of the existing 5.050% notes due 2063 issued by TI on May 18, 2023. Each of the 4.600% notes due 2027, the 4.600% notes due 2029, the 4.850% notes due 2034 and the 5.150% notes due 2054 will be a new issuance.
TI expects to use the net proceeds of this offering for general corporate purposes. The offering is expected to close on February 8, 2024.
