Microchip Technology Inc

NASDAQ:MCHPUnited States

Yesterday

Show headlines and story abstract

• Microchip Technology Plans Private $1.1 Billion Notes Offering, from 17 hours ago by MT Newswires

  17 hours ago by MT Newswires
  Companies Mentioned: MCHP
  04:24 PM EDT, 05/28/2024 (MT Newswires) -- Microchip Technology (MCHP) said Tuesday it is planning a private offering of $1.1 billion convertible senior notes due 2030. The company said it expects to grant initial buyers a 13-day option to buy up to...

• Microchip Technology Announces Proposed Private Offering of $1.1 Billion of Convertible Senior Notes, from 18 hours ago by GlobeNewswire

  18 hours ago by GlobeNewswire
  Companies Mentioned: MCHP

• Microchip Technology Announces Proposed Private Offering of $1.1 Billion of Convertible Senior Notes, from 18 hours ago by Dow Jones

  18 hours ago by Dow Jones
  Companies Mentioned: MCHP
  
  Microchip Technology Announces Proposed Private Offering of $1.1 Billion of Convertible Senior Notes
  
  CHANDLER, Ariz., May 28, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced its intention to offer, subject to market conditions and other factors, $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Microchip also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date Microchip first issues the notes, up to an additional $150 million aggregate principal amount of the notes. The notes will be senior, unsecured obligations of Microchip, and interest will be payable semi-annually in arrears. Upon conversion, Microchip will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of Microchip's common stock ("common stock") or a combination of cash and shares of common stock, at Microchip's election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the notes being converted. The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.
  

• DJ Microchip Tech Raised to Buy From Neutral by Mizuho, from 8:53AM ET on Tuesday May 28, 2024 by Dow Jones

  8:53AM ET on Tuesday May 28, 2024 by Dow Jones
  Companies Mentioned: MCHP
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/MCHP/analyst-ratings
  
  (END) Dow Jones Newswires
  
  May 28, 2024 08:53 ET (12:53 GMT)