Silicon Motion prices upsized USD 1 billion convertible senior notes offering due 2031
SIMO•Upsized convertible notes offering priced
Silicon Motion priced an upsized private offering of 0.00% convertible senior notes due 2031 at $1 billion.
- The deal increased from the previously announced $800 million and includes a $150 million option for initial purchasers.
- Net proceeds are estimated at $980 million, or $1.13 billion if the option is fully exercised.
- Proceeds are earmarked for general corporate purposes, including repayment of amounts outstanding under its credit agreement.
- The notes are expected to settle on Aug. 13, 2026.
