onsemi Announces Proposed Private Offering of $1.3 Billion of Convertible Senior Notes
ON Semiconductor Corporation announced a proposed private offering of $1.3 billion aggregate principal amount of Convertible Senior Notes due 2031, with an option for an additional $200 million. The proceeds will be used to pay for convertible note hedge transactions, repurchase up to $400 million of common stock, repay debt, and fund general corpo…