Qualcomm Incorporated has agreed to sell $4 billion in aggregate principal amount of notes across five separate tranches, according to an underwriting agreement filed with the SEC.
The notes consist of $750 million of 5.000% Notes due 2028, $750 million of 5.150% Notes due 2029, $1 billion of 5.350% Notes due 2031, $750 million of 5.600% Notes due 2033 and $750 million of 5.800% Notes due 2036.
The notes will be issued under an indenture dated May 20, 2015, between Qualcomm and U.S. Bank Trust Company, National Association, as trustee, acting as successor in interest to U.S. Bank National Association.
The underwriters named in the agreement are represented by BNP Paribas Securities Corp., BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
The securities are being offered under Qualcomm's automatic shelf registration statement on Form S-3, filed with the SEC under File No. 333-283035. The filing states that Qualcomm has been, and continues to be, a well-known seasoned issuer as defined under SEC rules, and has not been classified as an ineligible issuer.