STMicroelectronics N.V.
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Publicatie datum
26 jun 2014 - 17:20
Statutaire naam
STMicroelectronics N.V.
Titel
STMicroelectronics prices a US$1 billion dual-tranche offering of Convertible Bonds
Bericht
AMSTERDAM, June 26, 2014 -- STMicroelectronics NV (the “Company” or
“STMicroelectronics”) announces the pricing of a US$1 billion offering of senior
unsecured bonds (the “Bonds”) convertible into new or existing ordinary shares of
STMicroelectronics (the “Shares”).
The Bonds will be issued in two tranches, one of US$600 million with a maturity of 5
years and one of US$400 million with a maturity of 7 years. The terms of the Bonds
contain customary provisions which will allow the Company to satisfy conversion
rights on the Bonds with a combination of cash, new shares and treasury shares, or
cash or shares only. Proceeds from the issuance of the Bonds will be used by
STMicroelectronics for general corporate purposes.
The Company also announced today the launch of a share buy-back program for the
repurchase of up to twenty million ordinary shares, currently intended to meet the
Company's obligations in relation to its employee stock award plans.
Datum laatste update: 22 maart 2025