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ADI 424B2: Secondary offering

Filed with the SEC on · accession 0001193125-26-393223

ADI filed a 424B2 (prospectus (offering)) with the SEC on Sep 16, 2026. Analog Devices Inc. priced a $3 billion offering of senior notes across four tranches: $500M 5.100% notes due 2029, $500M 5.350% notes due 2031, $1B 5.600% notes due 2033, and $1B 5.750% notes due 2036. The stock moved +0.2% by the first close after the filing.

Summary of the filing

Analog Devices Inc. priced a $3 billion offering of senior notes across four tranches: $500M 5.100% notes due 2029, $500M 5.350% notes due 2031, $1B 5.600% notes due 2033, and $1B 5.750% notes due 2036. Net proceeds to the company are approximately $2.977 billion after underwriting discounts.

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Key details

Total offering amount$3.0B
2029 Notes principal$500.0M
2031 Notes principal$500.0M
2033 Notes principal$1.0B
2036 Notes principal$1.0B
Net proceeds to company$3.0B
Underwriting discounts$18.0M
IssuerAnalog Devices Inc.
Joint book-running managerJ.P. Morgan
Joint book-running managerBarclays
Joint book-running managerBNP PARIBAS
Joint book-running managerBofA Securities
Joint book-running managerCitigroup
Joint book-running managerMorgan Stanley
Co-managerWells Fargo Securities

How ADI stock reacted

Close before

$361.35

Sep 15, 2026

First close after

+0.19%

$362.04

5 trading days

+8.03%

$390.37

Since filing

+0.61%

$363.56

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Frequently asked questions

What did ADI file with the SEC on Sep 16, 2026?

ADI filed a 424B2 (Secondary offering). Analog Devices Inc. priced a $3 billion offering of senior notes across four tranches: $500M 5.100% notes due 2029, $500M 5.350% notes due 2031, $1B 5.600% notes due 2033, and $1B 5.750% notes due 2036. Net proceeds to the company are approximately $2.977 billion after underwriting discounts.

What does a secondary offering mean for ADI stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B2?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did ADI stock react to this filing?

ADI closed at $361.35 before the filing and $362.04 on Sep 16, 2026 (+0.19%). Five trading days later: $390.37 (+8.03%).

Other ADI SEC filings

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