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MXIM > SEC Filings for MXIM > Form 8-K on 14-Mar-2013All Recent SEC Filings

Show all filings for MAXIM INTEGRATED PRODUCTS INC | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Financial Statements an

Item 1.01.Entry into a Material Definitive Agreement.
On March 11, 2013, Maxim Integrated Products, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC in its capacity as representative of the several underwriters named therein (the "Underwriters"). Pursuant to the Underwriting Agreement and subject to the terms and conditions expressed therein, the Company agreed to issue and sell to the Underwriters, and the Underwriters agreed to purchase for resale to the public, $500,000,000 aggregate principal amount of the Company's 3.375% Senior Notes due 2023 (the "Notes"). The Notes will be sold to the Underwriters at an issue price of 98.229% of the principal amount thereof, and the Underwriters will offer the Notes to the public at a price of 98.879% of the principal amount thereof. The offering of the Notes is expected to be completed on March 18, 2013.

The Company expects to receive net proceeds of approximately $490 million from the offering. Subject to market conditions and other factors, the Company intends to use the net proceeds from the offering to repurchase shares of its common stock and for general corporate purposes. The Company will use its cash on hand to redeem, repurchase or repay at maturity all of its outstanding 3.45% Senior Notes due June 14, 2013.
The Notes will be direct, unsecured obligations of the Company and will rank equally with all of the Company's existing and future unsecured and unsubordinated obligations. Interest on the Notes will be payable semi-annually on March 15 and September 15 of each year, beginning on September 15, 2013. The Notes are being offered and sold by the Company pursuant to a registration statement on Form S-3 (File No. 333-167435) (the "Registration Statement"). The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 hereto and is incorporated by reference herein.
Item 8.01 Other Events.
On March 11, 2013, the Company issued a press release announcing the pricing of its offering of the Notes. A copy of this press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.

Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.

Number    Description

1.1          Underwriting Agreement, dated March 11, 2013, between Maxim
             Integrated Products, Inc. and J.P. Morgan Securities LLC, in its
             capacity as representative of the several underwriters named

99.1 Press release, dated March 11, 2013.

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