ON Semiconductor Announces Upsize and Pricing of Private Offering of $700 Million of 3.875% Senior Notes
2020年8月19日 - 9:52AM
ビジネスワイヤ(英語)
ON Semiconductor Corporation (Nasdaq: ON) (“ON Semiconductor”)
announced today the pricing of its previously announced private
offering of $700 million aggregate principal amount of 3.875%
Senior Notes due 2028 (the “notes”), which represents an upsize
from the $500 million aggregate principal amount previously
announced. The notes will be ON Semiconductor’s senior obligations
and will be guaranteed by certain of its subsidiaries. The sale of
the notes is expected to close on Aug. 21, 2020, subject to
customary closing conditions.
Gross proceeds from the offering will be $700 million, before
deducting estimated commissions and offering fees and expenses
payable by ON Semiconductor. ON Semiconductor intends to use the
net proceeds from the offering of the notes, together with cash on
hand, to repay approximately $1.2 billion of the outstanding
borrowings under its revolving credit facility.
The notes and guarantees have not been, and will not be,
registered under the Securities Act of 1933, as amended (the
“Securities Act”), or under any U.S. state securities laws or other
jurisdiction and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements. The notes were offered only to persons reasonably
believed to be qualified institutional buyers in accordance with
Rule 144A under the Securities Act, and outside the United States
to non-U.S. persons in reliance on Regulation S under the
Securities Act.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any of these securities nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities
laws of any such state or jurisdiction.
About ON Semiconductor
ON Semiconductor (Nasdaq: ON) is driving energy efficient
innovations, empowering customers to reduce global energy use. The
company is a leading supplier of semiconductor-based solutions,
offering a comprehensive portfolio of energy efficient power
management, analog, sensors, logic, timing, connectivity, discrete,
SoC and custom devices. The company’s products help engineers solve
their unique design challenges in automotive, communications,
computing, consumer, industrial, medical, aerospace and defense
applications. ON Semiconductor operates a responsive, reliable,
world-class supply chain and quality program, a robust compliance
and ethics program, and a network of manufacturing facilities,
sales offices and design centers in key markets throughout North
America, Europe and the Asia Pacific regions.
ON Semiconductor and the ON Semiconductor logo are registered
trademarks of Semiconductor Components Industries, LLC. All other
brand and product names appearing in this document are registered
trademarks or trademarks of their respective holders.
Cautions Regarding Forward-Looking Statements
Certain statements in this press release, including, among
others, the expected use of the proceeds from the sale of the
notes, are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are often characterized by the use of words such as
“believes,” “estimates,” “expects,” “projects,” “may,” “will,”
“intends,” “plans,” “should,” or “anticipates,” and similar
expressions. All forward-looking statements in this press release
are made based on ON Semiconductor’s current expectations,
forecasts, estimates and assumptions, and involve risks,
uncertainties and other factors that could cause results or events
to differ materially from those expressed in the forward-looking
statements. Among these factors are economic conditions and markets
(including current financial conditions), exchange rate
fluctuations, risks associated with decisions to expend cash
reserves for various uses in accordance with ON Semiconductor’s
capital allocation policy such as debt prepayment, stock
repurchases or acquisitions rather than to retain such cash for
future needs, risks associated with ON Semiconductor’s substantial
leverage and restrictive covenants in ON Semiconductor’s debt
agreements that may be in place from time to time, and risks
involving governmental regulation. Additional factors that could
cause results to differ materially from those projected in the
forward-looking statements are contained in ON Semiconductor's 2019
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K and other of ON Semiconductor’s filings with
the SEC. ON Semiconductor assumes no obligation to update such
information, except as may be required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200818005824/en/
Kris Pugsley Corporate Communications / Media Relations
ON Semiconductor (312) 909-0661 kris.pugsley@onsemi.com Parag
Agarwal Vice President Investor Relations and Corporate
Development ON Semiconductor (602) 244-3437
parag.agarwal@onsemi.com
ON Semiconductor (NASDAQ:ON)
過去 株価チャート
から 7 2024 まで 8 2024
ON Semiconductor (NASDAQ:ON)
過去 株価チャート
から 8 2023 まで 8 2024