NetApp Prices $1.25 Billion Senior Notes Offering-March 2024-www.financetom.com

NetApp Prices $1.25 Billion Senior Notes Offering

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NetApp Prices $1.25 Billion Senior Notes Offering

Mar 13, 2025 1:02 AM

03:37 AM EDT, 03/13/2025 (MT Newswires) -- NetApp ( NTAP ) said late Wednesday it priced $625 million of 5.50% senior notes due 2032 and $625 million of 5.70% senior notes due 2035.

Proceeds from the offering, expected to close on March 17, will be used to repay $750 million in outstanding 1.875% senior notes due 2025 at maturity, with the remainder allocated for general corporate purposes.

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