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General

InterDigital prices USD 275 mln senior notes offering

Friday 6 March 2015 | 13:27 CET | News
Licensing company InterDigital has priced its private offering of USD 275 million worth of 1.50 percent senior convertible notes due 2020, as well as the greenshoe of USD 41 million more worth of notes. The offering is expected to close on 11 March. InterDigital has also entered into privately negotiated convertible note hedge transactions with certain purchasers. The company expects net proceeds from the offering to reach USD 267 million, or USD 307 million with the greenshoe. The company also expects to receive proceeds from the sale of the warrants. InterDigital expects to use some off the

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Categories: General
Companies: InterDigital
Countries: World
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