Analog Devices, Inc. -- Moody's places Analog Devices Inc.'s A3 senior unsecured rating under review for downgrade

New York, July 26, 2016 -- Moody's Investors Service ("Moody's") placed Analog Devices, Inc.'s ("Analog") A3 senior unsecured rating under review for downgrade following today's announcement that it will acquire Linear Technology Corporation ("Linear", unrated) for $14.7 billion. Analog plans to finance the transaction using a combination of new common equity, debt financing, and cash on hand. Both boards have approved the transaction, and, pending Linear shareholder and regulatory approvals, the transaction is expected to close in late 2016 or early 2017.

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