---
schema_version: "secwatch.filing_event.v1"
accession: "0000103730-23-000078"
form_type: "8-K"
ticker: "VSH"
cik: "0000103730"
company_name: "VISHAY INTERTECHNOLOGY INC"
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T19:52:28.457044+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vishay closes $750M 2.25% convertible notes offering; repurchases existing notes and repays credit facility

## Summary
- Closed $750M 2.25% senior convertible notes due 2030 ($650M upsized + $100M option exercised).
- Conversion price ~$30.16 (20% premium to $25.13 close); initial rate 33.1609 shares per $1,000.
- Used $388.8M to repurchase $370.2M of existing 2.25% convertible notes due 2025.
- Used $162.3M to repay borrowings under senior secured credit facility.
- Entered capped call transactions costing $94.2M to reduce dilution; cap price ~$43.98.

## SEC filing metadata
- accession: 0000103730-23-000078
- form_type: 8-K
- ticker: VSH
- cik: 0000103730
- company_name: VISHAY INTERTECHNOLOGY INC
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/103730/000010373023000078/0000103730-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/103730/000010373023000078/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000103730-23-000078
- JSON: https://secwatch.observer/filing/0000103730-23-000078.json
- Plain text: https://secwatch.observer/filing/0000103730-23-000078.txt

## Key facts
- Debt Financings
  VISHAY INTERTECHNOLOGY INC incurred convertible notes of $750 million with HSBC Bank USA, National Association at 2.25% maturing September 15, 2030.
  - Instrument: convertible notes
  - Principal: $750 million
  - Counterparty: HSBC Bank USA, National Association
  - Rate: 2.25%
  - Maturity: September 15, 2030
  - Event: incurrence
  source text: On September 12, 2023, Vishay Intertechnology, Inc. (“Vishay”, the “Company”) issued $750 million aggregate principal amount of 2.25% Senior Convertible Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/103730/000010373023000078/0000103730-23-000078-index.htm
- Material Agreements
  VISHAY INTERTECHNOLOGY INC entered into Indenture with HSBC Bank USA, National Association valued at $750 million aggregate principal amount of 2.25% Senior Convertible Notes due 2030 (effective 2023-09-12).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: HSBC Bank USA, National Association
  - Value: $750 million aggregate principal amount of 2.25% Senior Convertible Notes due 2030
  - Effective: 2023-09-12
  source text: On September 12, 2023, Vishay Intertechnology, Inc. (“Vishay”, the “Company”) issued $750 million aggregate principal amount of 2.25% Senior Convertible Notes due 2030 (the “Notes”), which amount includes the exercise in full of the $100 million option granted to the Initial Purchasers (as defined below) of the Notes (the “Convertible Senior Notes Offering”), pursuant to an Indenture, dated as of September 12, 2023 (the “Indenture”), between Vishay and HSBC Bank USA, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/103730/000010373023000078/0000103730-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.