Microchip Technology Announces Pricing of Offering of $1.1 Billion of Convertible Senior Notes

The notes will be convertible at an initial conversion rate of 8.2076 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately$121.84 per share, which represents a conversion premium of approximately 27.5% to the last reported sale price of $95.56 per share of the common stock on The Nasdaq Global Select Market on May 29, 2024). Prior to the close of business on the business day immediately preceding March 1, 2030, the notes will be convertible ...