MICROCHIP TECHNOLOGY INCORPORATED ANNOUNCES NOTE EXCHANGES
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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US:NASDAQ Investor Relations:
microchip.com/investors
Company Research
Source: GlobeNewswire
CHANDLER, Arizona, March 21, 2020 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated (NASDAQ:MCHP) (“Microchip”) announced today that on March 21, 2020, Microchip entered into separate privately-negotiated agreements with certain holders of Microchip’s outstanding 1.625% Convertible Senior Subordinated Notes due 2025 (the “Notes”) (the “Exchange Transactions”). Pursuant to the Exchange Transactions, Microchip has agreed to exchange $615.0 million in aggregate principal amount of the Notes and accrued and unpaid interest thereon for cash and shares of Microchip’s common stock, par value $0.001 per share (the “Common Stock”). Upon the closing of the Exchange Transactions, Microchip estimates that it will pay an aggregate of approximately $615.0 million in cash plus accrued interest and issue approximately 3.1 million shares of Common Stock for the Notes. The foregoing estimates are based on a price of $60.56 per share of Common Stock, which was the reference price used in the Ex
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MCHP
News
- Microchip Technology Incorporated (NASDAQ: MCHP) had its price target raised by analysts at Stifel Nicolaus from $94.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
- Microchip (MCHP) Enhances Aviation Footprint With Latest Solution [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put Microchip Technology (NASDAQ:MCHP) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Integrated Actuation Power Solution Aims to Simplify Aviation Industry's Transition to More Electric Aircraft [Yahoo! Finance]Yahoo! Finance
- Integrated Actuation Power Solution Aims to Simplify Aviation Industry’s Transition to More Electric AircraftGlobeNewswire
MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website