Brief: Indie Semiconductor Announces Proposed Convertible Senior Notes Offering And $50 Million Repurchase Authorization

indie Semiconductor

16/11/2022 13:07

Nov 16 (Reuters) - indie Semiconductor Inc  INDI.O :
    * INDIE SEMICONDUCTOR ANNOUNCES PROPOSED CONVERTIBLE SENIOR
NOTES
OFFERING AND $50 MILLION REPURCHASE AUTHORIZATION
    * INDIE SEMICONDUCTOR INC - PLANS TO OFFER $125 MILLION
CONVERTIBLE SENIOR NOTES DUE 2027
    * INDIE SEMICONDUCTOR INC - EXPECTS TO USE A PORTION OF NET
PROCEEDS FROM NOTES OFFERING FOR CONCURRENT REPURCHASE OF UP TO
$25 MILLION OF COMMON STOCK
    * INDIE SEMICONDUCTOR INC - BOARD AUTHORIZED REPURCHASE,
FROM TIME
TO TIME, OF UP TO $50 MILLION OF INDIE'S CLASS A COMMON STOCK

Source text for Eikon:  ID:nBw9j0QD8a 
Further company coverage:  INDI.O