Inphi Corporation Prices Upsized Offering of $440 Million of Convertible Senior Notes
INPHI (IPHI)
Last inphi earnings: 2/4 04:05 pm
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US:NYSE Investor Relations:
inphi.com/investors
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Source: GlobeNewswire
SANTA CLARA, Calif., April 22, 2020 (GLOBE NEWSWIRE) -- Inphi Corporation (NYSE: IPHI) today announced the pricing of $440.0 million aggregate principal amount of 0.75% convertible senior notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, The principal amount of the offering was increased from the previously announced offering size of $330.0 million. Inphi granted the initial purchasers of the notes a 13-day option to purchase up to an additional $66.0 million aggregate principal amount of notes on the same terms and conditions. The sale of the notes is scheduled to close on April 24, 2020, subject to satisfaction of customary closing conditions. Inphi estimates that the net proceeds from this offering will be approximately $428.2 million, after deducting the initial purchasers’ discount a
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