SANTA CLARA, Calif., June 7 /PRNewswire-FirstCall/ -- National
Semiconductor Corporation (NYSE: NSM) announced today that it plans to sell
$1.0 billion in aggregate principal amount of senior floating rate notes
due 2010, fixed rate senior notes due 2012 and fixed rate senior notes due
2017.
The notes offering will be made under National's shelf registration
statement filed with the Securities and Exchange Commission on June 7,
2007.
The proceeds from the notes offering will be used to partially repay
indebtedness under a bridge facility, the proceeds of which will be used to
repurchase outstanding shares of National's common stock pursuant to an
accelerated share repurchase program announced on June 7, 2007.
Goldman, Sachs & Co. is the sole book-running manager for the offering.
The offering of these securities will be made only by means of a prospectus
and related prospectus supplement. When available, copies of the prospectus
and related prospectus supplement may be obtained from Goldman, Sachs & Co.
by mail at Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad
Street, New York, NY 10004, by fax at (212) 902- 9316 or by email at
prospectus-ny@ny.email.gs.com.
This press release is neither an offer to sell nor a solicitation of an
offer to buy the securities described herein, nor shall there be any sale
of these securities in any jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Special Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 with respect to
financial condition, results of operations, and other matters. Statements
that are not historical facts, including statements about National's
beliefs or expectations, are forward-looking statements and often include
words, such as "expects, "anticipates," "intends," "plans," "believes,
"seeks," "estimates," or words of similar meaning, or future or conditional
verbs, such as "will," "should," "could," or "may." Forward-looking
statements provide our expectations or predictions of future conditions,
events or results. They are not guarantees of future performance. By their
nature forward-looking statements are subject to risks and uncertainties.
These statements speak only as of the date they are made. We do not
undertake to update forward-looking statements to reflect the impact of
circumstances or events that arise after the date the forward-looking
statements were made. There are a number of factors, many of which are
beyond our control, that could cause actual conditions, events or results
to differ significantly from those described in the forward-looking
statements. The factors are generally described in our most recent Annual
Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q under the
captions "Outlook", "Risk Factors" and "Management's Discussion and
Analysis of Financial Conditions and Results of Operations" contained
therein.
About National Semiconductor
National Semiconductor creates high-value analog devices and
subsystems. National's products include power management circuits, display
drivers, audio and operational amplifiers, interface products and data
conversion solutions. National's key analog markets include wireless
handsets, displays and a variety of broad electronics markets, including
medical, automotive, industrial, and test and measurement applications.
National is headquartered in Santa Clara, California.
Media Contact: Financial:
LuAnn Jenkins Long Ly
National Semiconductor National Semiconductor
(408) 721-2440 (408) 721-5007
luann.jenkins@nsc.com invest.group@nsc.com
SOURCE National Semiconductor Corporation
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Related links:
http://www.national.com
CONTACT:
Media, LuAnn Jenkins, +1-408-721-2440,
luann.jenkins@nsc.com, or Financial, Long Ly, +1-408-721-5007,
invest.group@nsc.com, both of National Semiconductor Corporation
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