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Convertibles Calendar
On The Horizon
MICROCHIP TECHNOLOGY INC.:
• $1.5 billion of 10-year senior subordinated convertible notes and $500 million of 20-year junior subordinated convertible notes
• 15% greenshoe
• J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, BMO, HSBC Securities and U.S. Bank (joint bookrunners)
• Proceeds will be used to reduce borrowings under an amended credit facility and to redeem its 2.125% junior subordinated convertible debentures due 2037
• Chandler, Ariz.-based manufacturer of microcontroller, memory and analog semiconductors
• Nasdaq: MCHP
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