Qualcomm issues $4 billion in senior unsecured debt
QCOM•Qualcomm entered an underwriting agreement for a $4 billion senior unsecured notes offering, with maturities from 2028 to 2036 and coupons ranging from 5% to 5.8%.
1. Notes offering terms
The offering includes $750 million of 5% notes due November 20, 2028, and $750 million of 5.15% notes due November 20, 2029. A $1 billion tranche carries a 5.35% coupon and matures November 20, 2031. Two $750 million tranches carry coupons of 5.6% and 5.8%, maturing November 20, 2033, and November 20, 2036, respectively. Interest is payable semiannually on May 20 and November 20, beginning May 20, 2027.
