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Teradyne (TER) Plans $400M Offering of Senior Convertible Notes, Approves $500M Common Stock Buyback

Go back to Teradyne (TER) Plans $400M Offering of Senior Convertible Notes, Approves $500M Common Stock Buyback

Teradyne Announces Proposed Private Offering of $400 Million of Senior Convertible Notes

December 5, 2016 4:06 PM EST

NORTH READING, Mass.--(BUSINESS WIRE)-- Teradyne, Inc. (Teradyne) (NYSE: TER) announced that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of Senior Convertible Notes due 2023 (the Notes) in a private offering. The Notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Act). Teradyne also expects to grant to the initial purchasers of the Notes a 30-day option to purchase up to an additional $60 million aggregate principal amount of Notes, solely to cover over-allotments, if any.

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