Silicon Motion proposes $800M 0.00% convertible senior notes due 2031, with $120M over-allotment option
Silicon Motion Technology Corporation announced its intention to offer $800,000,000 aggregate principal amount of 0.00% convertible senior notes due 2031 in a Rule 144A private offering to qualified institutional buyers, with an over-allotment option of up to an additional $120,000,000. The notes will be senior unsecured obligations, will not bear regular interest, and will mature on August 15, 2031 unless earlier repurchased, redeemed, or converted. Net proceeds are intended for general corporate purposes and t...
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