Microchip Technology has entered into multiple financing agreements to support its $900 million offering of 0% Convertible Senior Notes due 2030. These agreements include a Purchase Agreement with J.P. Morgan Securities, BofA Securities, and Truist Securities to raise capital and refinance commercial paper, and an Indenture with Computershare Trust Company to establish the terms of the convertible notes. Additionally, the company signed Capped Call Transactions with option counterparties to mitigate potential share dilution from note conversions.
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Microchip Technology Signs Multiple Material Agreements
Microchip Technology has entered into multiple financing agreements to support its $900 million offering of 0% Convertible Senior Notes due 2030. These agreements include a Purchase Agreement with J.P. Morgan Securities, BofA Securities, and Truist Securities to raise capital and refinance commercial paper, and an Indenture with Computershare Trust Company to establish the terms of the convertible notes. Additionally, the company signed Capped Call Transactions with option counterparties to mitigate potential share dilution from note conversions.