secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001628280-24-048534
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptics issues $400M convertible notes due 2031; repurchases shares, repays debt
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- Issued $400M aggregate principal of 0.75% convertible senior notes due 2031; initial purchasers option for additional $50M.
- Initial conversion price ~$99.69/share, a 32.5% premium over $75.24 closing price on Nov 14, 2024.
- Net proceeds ~$387.7M; $44.4M for capped calls, ~$67M to repurchase 890,483 shares, remainder to repay term loan.
- Capped call transactions with cap price $150.48/share (100% premium) to reduce dilution upon conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000162828024048534/0001628280-24-048534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000162828024048534/syna-20241113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-048534

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer