secwatch.observer — SEC 8-K summary
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Issuer:     MACOM Technology Solutions Holdings, Inc. (MTSI)
CIK:        0001493594
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001493594-24-000065
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MACOM issues $344.3M 0% convertible notes due 2029; exchanges $257.7M of existing notes
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- Issued $344.3M aggregate principal of 0.000% convertible senior notes due December 2029.
- Exchanged ~$257.7M of existing 0.250% convertible notes due 2026 for new notes and ~1.58M shares of common stock.
- Raised ~$55.5M in new private placement; net cash proceeds of ~$49.9M for general corporate purposes.
- Initial conversion price ~$174.03 per share, a 27.5% premium over $136.49 closing on Dec. 12, 2024.
- Notes settle in cash up to principal; excess may be settled in cash or stock at company's election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493594/000149359424000065/0001493594-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493594/000149359424000065/mtsi-20241219.htm
  HTML page:      https://secwatch.observer/filing/0001493594-24-000065

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