E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/27/2020 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.