Synaptics Inc

NASDAQ:SYNAUnited States

04:33 AM EST, 11/15/2024 (MT Newswires) -- Synaptics (SYNA) said Thursday it priced its private offering of $400 million of 0.75% convertible senior unsecured notes due Dec. 1, 2031. The initial conversion rate is 10.0308 common shares per $1,000 of...

Synaptics Incorporated Prices $400.0 Million Convertible Senior Notes Offering

SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Synaptics(R) Incorporated (Nasdaq: SYNA) today announced the pricing of its offering of $400.0 million aggregate principal amount of 0.75% convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes are scheduled to settle on November 19, 2024, subject to customary closing conditions. Synaptics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $50.0 million aggregate principal amount of notes.