Diodes prices USD 325 million private offering of 0% convertible senior notes due 2031 - DIOD News | RalliesDiodes prices USD 325 million private offering of 0% convertible senior notes due 2031
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DIOD• Diodes prices convertible notes offering
- Diodes priced a private placement of USD 325 million 0.00% Convertible Senior Notes due 2031 to qualified institutional buyers under Rule 144A.
- Net proceeds are estimated at USD 315.9 million; closing is expected Aug. 18, 2026.
- Proceeds will fund USD 19 million in capped call costs, repurchase USD 35 million of stock, and support general corporate uses.
- The stock buyback targets about 360,000 shares at USD 97.19 per share in privately negotiated transactions tied to the offering.
- The notes convert at 6.8594 shares per USD 1,000, implying an initial conversion price of about USD 145.79, a 50% premium.
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