Silicon Motion closes USD 1.15 billion 0% convertible senior notes offering due 2031

PUBT · 1d ago
Silicon Motion closes USD 1.15 billion 0% convertible senior notes offering due 2031
  • Silicon Motion closed an upsized USD 1.15 billion offering of 0.00% Convertible Senior Notes due 2031.
  • Deal size reflects full exercise of the initial purchasers’ option for an additional USD 150 million of notes.
  • Net proceeds totaled USD 1.13 billion, earmarked for general corporate purposes, including repayment of borrowings under its credit agreement.
  • Notes carry an initial conversion price of USD 380.5 per ADS, a 65% premium to the Aug. 10 Nasdaq close of USD 230.61.


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