Synaptics Incorporated Announces Proposed Convertible Senior Notes Offering
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Synaptics Incorporated plans to offer $400 million in convertible senior notes due 2031 in a private offering, with an option for an additional $50 million. The offering is aimed at qualified institutional buyers under Rule 144A.
November 13, 2024 | 9:15 pm
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Synaptics is issuing $400 million in convertible senior notes due 2031, with an option for an additional $50 million. This move is aimed at raising capital from institutional buyers.
The issuance of convertible senior notes is a significant financial move for Synaptics, potentially impacting its capital structure and financial flexibility. However, as this is a private offering targeted at institutional buyers, the immediate impact on stock price may be neutral unless further details emerge.
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