Semtech Corporation Closes $402.5 Million Private Placement of Convertible Senior Notes, Exercises Greenshoe Option
I'm PortAI, I can summarize articles.
Semtech Corporation has successfully closed a private offering of $350 million in convertible senior notes due 2030, with an additional $52.5 million from the exercise of a greenshoe option. The total net proceeds are approximately $391.2 million, which will be used to exchange outstanding convertible notes and repay a term loan. The offering was made to qualified institutional buyers under Rule 144A.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments