0% Convertible Senior Notes
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onsemi Announces Pricing of Private Offering of $1.3 Billion of 0% Convertible Senior Notes
Globenewswire· 2026-05-07 12:41
SCOTTSDALE, Ariz., May 06, 2026 (GLOBE NEWSWIRE) -- ON Semiconductor Corporation (Nasdaq: ON) ("onsemi") announced today the pricing of its private offering of $1.3 billion aggregate principal amount of 0% Convertible Senior Notes due 2031 (the "notes") at an approximately 52.5% premium to the closing price of onsemi's common stock on May 6, 2026 of $105.77 per share. The notes were offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securi ...