Synaptics (SYNA) Prices $400M Convertible Notes Offering

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Go back to Synaptics (SYNA) Prices $400M Convertible Notes Offering

Synaptics Incorporated Prices $400.0 Million Convertible Senior Notes Offering

November 14, 2024 11:46 PM EST

SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Synaptics® 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... More