Silicon Motion prices upsized USD 1 billion convertible senior notes offering due 2031
Reuters2026/08/11 03:40- Silicon Motion priced an upsized private offering of 0.00% convertible senior notes due 2031 at $1 billion.
- Deal increased from the previously announced $800 million; includes a $150 million option for initial purchasers.
- Net proceeds estimated at $980 million, or $1.13 billion if the option is fully exercised.
- Proceeds earmarked for general corporate purposes, including repayment of amounts outstanding under its credit agreement.
- Notes expected to settle on Aug. 13, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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