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7 months ago
BRIEF-Magnachip prices upsized 5 pct exchangeable senior notes offering
January 11, 2017 / 2:08 PM / 7 months ago

BRIEF-Magnachip prices upsized 5 pct exchangeable senior notes offering

Jan 11 (Reuters) - Magnachip Semiconductor Corp

* Magnachip prices upsized 5 pct exchangeable senior notes offering

* Has priced an upsized offering of $75 million aggregate principal amount of exchangeable senior notes due 2021

* To use proceeds from offering of notes for anticipated cost reduction program to be implemented during first half of 2017

* To use net proceeds from offering of notes to also repurchase common stock as part of stock repurchase program Source text for Eikon: Further company coverage:

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