secwatch.observer — SEC 8-K summary
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Issuer:     VISHAY INTERTECHNOLOGY INC (VSH)
CIK:        0000103730
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0000103730-23-000078
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103730/000010373023000078/0000103730-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103730/000010373023000078/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000103730-23-000078

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