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Inphi completes exchange of 1.125% convertible notes for cash, stock
By Sarah Lizee
Olympia, Wash., April 27 – Inphi Corp. said it completed privately negotiated transactions with holders to exchange its $99.5 million of existing 1.125% convertible senior notes due 2020 for $99.9 million in cash and 1,437,781 shares of common stock, according to an 8-K filing with the Securities and Exchange Commission.
As previously reported, the terms of the exchanges were individually negotiated with each holder and were dependent on a number of factors, including the market price of Inphi’s common stock and the trading price of the 2020 notes at the time of the exchanges.
Inphi is a Santa Clara, Calif.-based analog and mixed-signal semiconductor components manufacturer.
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