COHU INC (COHU): debt financing — Cohu closes $287.5M convertible notes offering at 1.50% due 2031

COHU INC

Issued $287.5M principal of 1.50% convertible senior notes due Jan 15, 2031; initial purchasers' option exercised in full.
Net proceeds ~$278.9M; used $28.4M for capped call transactions, remainder for general corporate purposes.
Initial conversion price ~$27.18 per share (32.5% premium over $20.51 reference price); capped call cap at $41.02.
Capped calls expected to reduce dilution upon conversion up to stock price of $41.02 per share.
Notes are senior unsecured, redeemable after Jan 22, 2029 under certain conditions.

item 1.01 item 2.03 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

COHU INC incurred convertible notes of $287.5 million aggregate principal amount with U.S. Bank Trust Company, National Association at 1.50% per year maturing January 15, 2031.

Instrument: convertible notes
Principal: $287.5 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 1.50% per year
Maturity: January 15, 2031
Event: incurrence

Exact text from the filing

On September 29, 2025, Cohu, Inc. (the “Company”) issued $287.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2031 (the “Notes”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

COHU INC issued $287.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2031 of convertible note to initial purchasers for approximately $278.9 million net proceeds.

Security: convertible note
Shares: $287.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2031
Purchaser: initial purchasers
Consideration: approximately $278.9 million net proceeds

Exact text from the filing

of their option to purchase an additional $27.5 million aggregate principal amount of Notes. Use of Proceeds The Company’s net proceeds from this offering were approximately $278.9 million, after deducting the initial purchasers’ discounts and commissions but before estimated offering expenses. The Company used approximately $28.4 million of the net proceeds from

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8 debt financings filed in the last 30 days. Browse all debt financings →

COHU INC filing history →

Source: SEC EDGAR

accession 0001437749-25-030026

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