Diodes issues $375M 0% convertible notes due 2031; repurchases $35M stock

DIODES INC /DEL/

Issued $375M 0.00% convertible senior notes due Aug 15, 2031; initial conversion price $145.79 (50% premium).
Net proceeds ~$364.6M; used $21.9M for capped calls, $35M to repurchase ~0.36M shares at $97.19.
Amended credit agreement: revolving facility maturity extended to Aug 12, 2031; pricing grid and covenants modified.
Capped call transactions cap price $194.38 (100% premium) to reduce potential dilution from conversion.
Remaining proceeds for general corporate purposes, including potential future acquisitions.

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