secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001140361-26-019207
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onsemi launches $1.3B convertible notes offering; to repurchase up to $400M shares
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- Private offering of $1.3B convertible senior notes due 2031; initial purchasers have 13-day option for additional $200M.
- Up to $400M of common stock to be repurchased concurrently with pricing; remaining proceeds for general corporate and debt repayment.
- Notes are senior unsecured, guaranteed by certain subsidiaries, mature May 1, 2031; conversion settled in cash up to principal, excess in cash/shares.
- Convertible note hedge and warrant transactions to be entered with hedge counterparties to reduce potential dilution and offset cash payments.
- Hedge counterparties may purchase common stock or enter derivatives, potentially affecting stock price during and after offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000114036126019207/0001140361-26-019207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000114036126019207/ef20066746_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-019207

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer