debt
confidence high
sentiment neutral
materiality 0.60
Microchip repurchases $90.3M of convertible notes; retires all 2037 notes
MICROCHIP TECHNOLOGY INC
- Pays $19M to repurchase $5.7M principal of 1.625% 2025 Notes; ~$6.8M remains.
- Pays $56.4M to repurchase $25.9M principal of 1.625% 2027 Notes; ~$56.3M remains.
- Pays $14.9M to repurchase $6.5M principal of 2.250% 2037 Notes; entire series retired.
- Total cash outlay ~$90.3M for $38.1M aggregate principal; closings expected by May 12, 2023.