Reuters logo
8 months ago
BRIEF-Teradyne prices private offering of $400 mln of 1.25% senior convertible notes
December 7, 2016 / 2:20 PM / 8 months ago

BRIEF-Teradyne prices private offering of $400 mln of 1.25% senior convertible notes

2 Min Read

Dec 7 (Reuters) - Teradyne Inc :

* Teradyne Inc - notes will be convertible at an initial conversion rate of 31.4102 shares of Teradyne common stock per $1,000 principal amount of notes

* Teradyne- Convertible note hedge transactions collectively will cover number of shares of Teradyne common stock that will initially underlie notes

* Teradyne Inc - estimates net proceeds from offering will be about $392.0 million after deducting discounts, commissions and estimated offering expenses

* Teradyne Inc - has also entered into privately negotiated warrant transactions with hedge counterparties

* Teradyne Inc - pricing of its private offering of $400 million aggregate principal amount of 1.25% senior convertible notes due 2023

* Teradyne Inc - entered into privately negotiated convertible note hedge transactions with some of initial purchasers of notes or their affiliates

* Teradyne Inc - has sold to hedge counterparties warrants relating to same number of shares of Teradyne common stock

* Teradyne - co to use part of net proceeds from offering to repurchase about $50 million of shares of its stock under existing share repurchase authorization

* Teradyne announces pricing of private offering of $400 million of 1.25% senior convertible notes Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below