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NetApp Announces Offering Of Senior Notes

By TechTaffy Desk

[Techtaffy Newsdesk]

NetApp intends to offer, subject to market and other conditions, senior unsecured notes under an effective shelf registration statement on file with the Securities and Exchange Commission. The offering and the final terms of the senior notes, including principal amount, interest rate and maturity will depend on market and other conditions at the time of pricing.

NetApp intends to use the net proceeds from this offering for general corporate purposes, which may include repayment of certain indebtedness, capital expenditures, possible stock repurchases, working capital and potential acquisitions and strategic transactions.

J.P. Morgan Securities and Morgan Stanley are acting as joint book-running managers.

Upload: 12-14-12

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