Analog Devices has raised $375 million in a sale of notes. The company intends to use the net proceeds for general corporate purposes, including buybacks of common stock under its stock repurchase program, acquisitions, dividend payments and capital expenditures. The U.S. multinational semiconductor company appointed Credit Suisse and Bank of America Merrill Lynch as the joint bookrunning managers for the deal, while Goldman Sachs was co-manager. The notes carry a coupon rate of 3.00% and are due to mature on April 15, 2016.
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