---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-030026"
form_type: "8-K"
ticker: "COHU"
cik: "0000021535"
company_name: "COHU INC"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:29:12.227940+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cohu closes $287.5M convertible notes offering at 1.50% due 2031

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-030026
- form_type: 8-K
- ticker: COHU
- cik: 0000021535
- company_name: COHU INC
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/21535/000143774925030026/0001437749-25-030026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/21535/000143774925030026/cohu20250927_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-030026
- JSON: https://secwatch.observer/filing/0001437749-25-030026.json
- Plain text: https://secwatch.observer/filing/0001437749-25-030026.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774925030026/0001437749-25-030026-index.htm
- Equity Issuances
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774925030026/0001437749-25-030026-index.htm

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