Diodes plans private placement of USD 325 million convertible senior notes due 2031

Diodes outlined a private placement of USD 325 million Convertible Senior Notes due 2031, offered to qualified institutional buyers under Rule 144A.

• The deal includes an option for initial purchasers to buy up to an additional USD 50 million of notes within 13 days of issuance.
• Proceeds are earmarked for capped call transactions, a concurrent repurchase of up to USD 35 million of common stock, and other strategic uses.
• The notes are senior unsecured, mature Aug. 15, 2031, and pay semiannual interest; pricing terms will be set at launch.
• The notes and common stock issuable on conversion remain unregistered, limiting resale absent registration or an exemption.