NetApp Prices $1.25 Billion of Senior Notes
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NetApp has announced the pricing of $1.25 billion in senior notes, split into two tranches: $625 million due in 2032 with a 5.50% interest rate, and $625 million due in 2035 with a 5.70% interest rate. The offering is expected to close on March 17, 2025, pending customary conditions.
March 13, 2025 | 2:45 am
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NetApp has priced $1.25 billion in senior notes, which could impact its financial structure and interest expenses. The notes are split into two tranches with different maturities and interest rates.
The issuance of senior notes will affect NetApp's debt profile and interest obligations. However, as this is a planned financial maneuver, it may not have an immediate impact on stock prices unless it significantly alters the company's financial health or strategy.
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