---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-162442"
form_type: "8-K"
ticker: "IDCC"
cik: "0001405495"
company_name: "InterDigital, Inc."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:15:33.718749+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# InterDigital issues $460M 3.50% convertible notes due 2027; repurchases $273.8M of 2024 notes and $75M of stock

## Summary
- Issued $460M of 3.50% senior convertible notes due 2027; initial conversion price $77.49, 27.5% premium over $60.78 close.
- Used $285.2M of proceeds to repurchase $273.8M principal of existing 2.00% 2024 notes in private transactions.
- Used $75M of proceeds to repurchase ~1.23M shares of common stock at $60.78 per share from institutional investors.
- Entered convertible note hedge covering ~5.9M shares for $80.5M to offset dilution; sold warrants with strike $106.37 for $43.7M.
- Partially unwound existing convertible note hedge and warrants related to repurchased 2024 notes.

## SEC filing metadata
- accession: 0001193125-22-162442
- form_type: 8-K
- ticker: IDCC
- cik: 0001405495
- company_name: InterDigital, Inc.
- filed_at: 2022-05-27T23:59:59+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, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405495/000119312522162442/0001193125-22-162442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405495/000119312522162442/d361872d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-162442
- JSON: https://secwatch.observer/filing/0001193125-22-162442.json
- Plain text: https://secwatch.observer/filing/0001193125-22-162442.txt

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