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STMicroelectronics grosses $750.0 million from debt offering

STMicroelectronics NV raised gross proceeds of $750.0 million from an offering of 0.25% senior unsecured bonds due July 3, 2024.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Banca IMI Securities Corp., Citigroup Global Markets Ltd., JPMorgan Chase & Co., Morgan Stanley, Natixis SA, SG Corporate & Investment Banking and UniCredit SpA were the lead underwriters.