Silicon Motion closes USD 1.15 billion 0% convertible senior notes offering due 2031

Reuters2026/08/13 22:00

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Silicon Motion closed an upsized USD 1.15 billion offering of 0.00% Convertible Senior Notes due 2031.
Deal size reflects full exercise of the initial purchasers’ option for an additional USD 150 million of notes.
Net proceeds totaled USD 1.13 billion, earmarked for general corporate purposes, including repayment of borrowings under its credit agreement.
Notes carry an initial conversion price of USD 380.5 per ADS, a 65% premium to the Aug. 10 Nasdaq close of USD 230.61.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silicon Motion Technology Corporation published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Silicon Motion closes USD 1.15 billion 0% convertible senior notes offering due 2031

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