Microchip Technology grosses $1.50 billion from debt offering | S&P Global Market Intelligence

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Microchip Technology grosses $1.50 billion from debt offering

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7 Feb, 2015

Microchip Technology grosses $1.50 billion from debt offering

Author S&P Global Market Intelligence

Microchip Technology Inc. raised gross proceeds of $1.50 billion from an offering of 1.625% convertible senior subordinated notes due 2025.

The company plans to use the proceeds for redemption or repayment of debt securities.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the lead underwriters.

Author
S&P Global Market Intelligence