News Column

NetApp Prices $500,000,000 of Senior Notes

June 21, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- NetApp, Inc. (NASDAQ: NTAP) announced the pricing of $500,000,000 in aggregate principal amount of its 3.375% senior notes due 2021 (the "Notes").

The offering is expected to close, subject to customary closing conditions, on June 5, 2014. The Notes were priced to yield 3.426%.

NetApp intends to use the net proceeds from this offering for general corporate purposes, which may include capital expenditures, possible stock repurchases and dividends, working capital and potential acquisitions and strategic transactions.

Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as co-managers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities nor shall there be any sale of the senior notes or any other securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of senior notes may be made only by means of a preliminary prospectus supplement and the accompanying prospectus, copies of which can be obtained from:

Goldman, Sachs & Co.

200 West Street

New York, New York 10282-2198

Attention: Prospectus Department

Tel: 1-866-471-2526

Fax: (212) 902-9316

J.P. Morgan Securities LLC

383 Madison Ave.

New York, New York 10179

Attention: Investment Grade Syndicate Desk

Tel: (212) 834-4533

Fax: (212) 834-6081

Morgan Stanley & Co.

Keywords for this news article include: Industry, Goldman Sachs, Banking and Finance, Financial Companies, Investment Companies.

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Source: Investment Weekly News


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