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ON Semiconductor planning USD 700 mln notes offering

Tuesday 11 May 2021 | 09:57 CET | News
ON Semiconductor is planning a USD 700 million offering of 0 percent convertible senior notes due 2027, with a greenshoe likely worth up to USD 105 million more. The unsecured notes will mature on 1 May 2027. Money raised will, together with cash on hand, be used to pay certain convertible note hedge transactions, to redeem some or all of the company's 1.625 percent convertible senior notes due 2023 and to pay down debt, with the rest going towards general corporate purposes.

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Categories: General
Companies: ON Semiconductor
Countries: World
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