Microchip Technology prices $800 million convertible notes offering By Investing.com

NodeGuardian · 2026-02-21T03:47:36+00:00

Microchip Technology has increased its offering of Convertible Senior Notes to $800 million due in 2030, settling on February 11, 2026. Proceeds will fund capped call transactions and repay commercial paper, reflecting strong company performance.

NodeGuardian

2026-02-21 03:47:36

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Microchip Technology (NASDAQ:MCHP) has priced an $800 million offering of Convertible Senior Notes due 2030, an increase from the initial $600 million announcement. The offering is expected to settle on February 11, 2026, with net proceeds of approximately $785.1 million to be used for capped call transactions and repayment of commercial paper. The notes are convertible at a 40% premium to the February 9 closing price and reflect the company’s strong performance, including a 47.47% return over the past year.

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