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Analog Devices prices senior notes

Analog Devices Inc. priced a series of senior notes offering and will use the proceeds to repay some of the amount outstanding under the company's five-year term loan.

The offering, expected to close March 12, includes $300 million aggregate principal amount of 2.850% senior unsecured notes due March 12, 2020, and $450 million aggregate principal amount of 2.950% senior unsecured notes due Jan. 12, 2021.