{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-047586","form_type":"8-K","ticker":"ON","cik":"0001097864","company_name":"ON SEMICONDUCTOR CORP","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.858034+00:00","generated_at":"2026-06-19T00:27:52.884124+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"onsemi prices $1.3B 0.50% convertible notes due 2029, upsized from $1.1B","bullets":["Offering upsized to $1.3B aggregate principal amount of 0.50% Convertible Senior Notes due 2029; initial purchasers have option for additional $200M.","Initial conversion price of ~$103.87 per share, a 32.5% premium over Feb. 23 closing price of $78.39.","Net proceeds of ~$1.27B to repay up to $1.086B of Term Loan B facility (floating rate 6.42% as of Dec. 31, 2022) and pay ~$148.6M for convertible hedge transactions.","Company used $100M cash to repurchase ~1.3M shares from note purchasers; board authorized $3B share repurchase program.","Notes mature March 1, 2029; redeemable at onsemi's option on or after March 6, 2026 if stock price >=130% of conversion price."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-047586","json":"https://secwatch.observer/filing/0001193125-23-047586.json","markdown":"https://secwatch.observer/filing/0001193125-23-047586.md","text":"https://secwatch.observer/filing/0001193125-23-047586.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1097864/000119312523047586/0001193125-23-047586-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1097864/000119312523047586/d604761d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:27:52.884124+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}