---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-045012"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T01:27:25.308120+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# onsemi announces $1.1B convertible senior notes offering due 2029

## Summary
- $1.1B aggregate principal amount of Convertible Senior Notes due 2029; initial purchasers may buy up to $165M additional.
- Net proceeds to repay up to $1.086B of Term Loan B Facility (floating rate 6.42% as of Dec 31, 2022).
- Proceeds also used to pay cost of convertible note hedge transactions, partially offset by warrant proceeds.
- Company may repurchase up to $100M of common stock from note purchasers in connection with the offering.
- Notes are senior unsecured, guaranteed by certain subsidiaries, mature March 1, 2029, interest semiannual.

## SEC filing metadata
- accession: 0001193125-23-045012
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312523045012/0001193125-23-045012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312523045012/d437629d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-045012
- JSON: https://secwatch.observer/filing/0001193125-23-045012.json
- Plain text: https://secwatch.observer/filing/0001193125-23-045012.txt

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