Diodes plans private placement of $325 million convertible senior notes due 2031
DIOD•Diodes announces convertible senior notes offering
Diodes announced a private placement of $325 million convertible senior notes due 2031, with an option for $50 million more.
- Total potential issuance size could reach $375 million if the option is exercised.
- The notes mature Aug. 15, 2031; are senior unsecured; and interest is payable semiannually.
- Conversion settlement includes cash for principal.
- Proceeds are earmarked for capped call costs, up to $35 million in concurrent share repurchases, and general corporate purposes including acquisitions.
