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NetApp Prices $1.25 Billion of Senior Notes

1. NetApp is issuing $1.25 billion in Senior Notes with interest rates of 5.50% and 5.70%. This bond offering could improve liquidity for strategic initiatives.

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FAQ

Why Bullish?

Securing capital through bond issuance demonstrates financial stability and might suggest growth investments. Similar past issuances often preceded stock price rebounds.

How important is it?

The bond offering provides essential capital that could enhance NTAP's competitive edge in the market.

Why Long Term?

The funds from this issuance could be allocated for expansion or innovation efforts, impacting NTAP's growth trajectory positively over time.

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IBMMSFTAVT
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the pricing of $625 million in aggregate principal amount of its 5.50% Senior Notes due 2032 that will bear interest at 5.50% per annum and $625 million in aggregate principal amount of its 5.70% Senior Notes due 2035 that will bear interest at 5.70% per annum. The offering is expected to close, subject to the satisfaction of customary closing conditions, on March 17, 2025. Ne.

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