NetApp Inc.
NetApp Announces Underwriting Agreement for Senior Notes Offering
Summary
NetApp, Inc. has entered into an underwriting agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC for a public offering of $625 million aggregate principal amount of 5.500% Senior Notes due 2032 and 5.700% Senior Notes due 2035. The offering is part of a shelf registration statement on Form S-3 and a related prospectus. NetApp intends to use a portion of the net proceeds to repay its outstanding 1.875% Senior Notes due 2025 and the remainder for general corporate purposes. The legality of the Notes was confirmed by an opinion from Wilson Sonsini Goodrich & Rosati, Professional Corporation.
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Exhibits (3)
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About NetApp Inc.
NetApp Inc. is a leading provider of cloud data services and data management solutions worldwide. Specializing in data storage systems, the company helps organizations harness the full potential of their data in the cloud and in the data center environments. NetApp's portfolio includes cloud integration, data storage hardware, and software-defined storage services designed to simplify and optimize data management for businesses of all sizes. Serving industries such as technology, healthcare, financial services, and more, NetApp empowers its clients to store, manage, and analyze data efficiently, enhancing their competitive edge. The company's innovative solutions support both private and public cloud infrastructures, making it a significant player in the rapidly evolving cloud computing market. Founded in 1992 and headquartered in Sunnyvale, California, NetApp contributes substantially to the digital transformation journey of enterprises, highlighting its role in facilitating agile and secure data operations.
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