Synaptics Prices $400 Million Senior Notes Offering

MT Newswires Live11-15

Synaptics (SYNA) said Thursday it priced its private offering of $400 million of 0.75% convertible senior unsecured notes due Dec. 1, 2031.

The initial conversion rate is 10.0308 common shares per $1,000 of notes, which is equivalent to an initial conversion price of about $99.69 per share.

Initial purchasers of the notes were granted a 13-day option to buy up to an additional $50 million of notes. The issuance and sale of the notes is expected to settle on Nov. 19.

The company said it plans to use the net proceeds to fund the cost of entering into certain capped call transactions and to repurchase its common stock. The remaining proceeds, together with about $307 million cash on hand, will be used to repay the outstanding balance under its term loan facility.

Synaptics' shares fell about 2% in recent premarket activity Friday.

Price: 73.74, Change: -1.50, Percent Change: -1.99

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483703344?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-15 17:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483703344","market":"us","top_or_hot":-1,"title":"Synaptics Prices $400 Million Senior Notes Offering","media":"MT Newswires Live","content":"<html><body><p> Synaptics (SYNA) said Thursday it priced its private offering of $400 million of 0.75% convertible senior unsecured notes due Dec. 1, 2031.</p><p>The initial conversion rate is 10.0308 common shares per $1,000 of notes, which is equivalent to an initial conversion price of about $99.69 per share.</p><p>Initial purchasers of the notes were granted a 13-day option to buy up to an additional $50 million of notes. The issuance and sale of the notes is expected to settle on Nov. 19.</p><p>The company said it plans to use the net proceeds to fund the cost of entering into certain capped call transactions and to repurchase its common stock. The remaining proceeds, together with about $307 million cash on hand, will be used to repay the outstanding balance under its term loan facility.</p><p>Synaptics' shares fell about 2% in recent premarket activity Friday.</p><p>Price: 73.74, Change: -1.50, Percent Change: -1.99</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Synaptics Prices $400 Million Senior Notes Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSynaptics Prices $400 Million Senior Notes Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 17:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Synaptics (SYNA) said Thursday it priced its private offering of $400 million of 0.75% convertible senior unsecured notes due Dec. 1, 2031.The initial conversion rate is 10.0308 common shares per $1,...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0444971666.USD","symbol_name":"天利全球科技基金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2483703344","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483703344","pubTimestamp":1731663212,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Synaptics  said Thursday it priced its private offering of $400 million of 0.75% convertible senior unsecured notes due Dec. 1, 2031.The initial conversion rate is 10.0308 common shares per $1,000 of notes, which is equivalent to an initial conversion price of about $99.69 per share.Initial purchasers of the notes were granted a 13-day option to buy up to an additional $50 million of notes. The issuance and sale of the notes is expected to settle on Nov. 19.The company said it plans to use the net proceeds to fund the cost of entering into certain capped call transactions and to repurchase its common stock. The remaining proceeds, together with about $307 million cash on hand, will be used to repay the outstanding balance under its term loan facility.Synaptics' shares fell about 2% in recent premarket activity Friday.Price: 73.74, Change: -1.50, Percent Change: -1.99","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0444971666.USD":"天利全球科技基金","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","BK4512":"苹果概念","BK4141":"半导体产品","SYNA":"Synaptics Incorporated","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC"},"translate_title":"Synaptics发行4亿美元优先票据","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SYNA":1},"content_text":"Synaptics (SYNA) said Thursday it priced its private offering of $400 million of 0.75% convertible senior unsecured notes due Dec. 1, 2031.The initial conversion rate is 10.0308 common shares per $1,000 of notes, which is equivalent to an initial conversion price of about $99.69 per share.Initial purchasers of the notes were granted a 13-day option to buy up to an additional $50 million of notes. The issuance and sale of the notes is expected to settle on Nov. 19.The company said it plans to use the net proceeds to fund the cost of entering into certain capped call transactions and to repurchase its common stock. The remaining proceeds, together with about $307 million cash on hand, will be used to repay the outstanding balance under its term loan facility.Synaptics' shares fell about 2% in recent premarket activity Friday.Price: 73.74, Change: -1.50, Percent Change: -1.99","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483703344"}