indie Semiconductor Announces Proposed Convertible Senior Notes Offering and $50 million Repurchase Authorization
indie expects to grant the initial purchasers in the offering an option to purchase, exercisable within the 30-day period immediately following the pricing date of the offering, up to an additional $18.75 million aggregate principal amount of notes.
- indie expects to grant the initial purchasers in the offering an option to purchase, exercisable within the 30-day period immediately following the pricing date of the offering, up to an additional $18.75 million aggregate principal amount of notes.
- The notes will be senior unsecured obligations of indie, and interest on the notes will be payable semiannually in arrears on May 15 and November 15 of each year, beginning on May 15, 2023.
- Concurrently with the pricing of the notes, indie expects to enter into privately negotiated transactions through one of the initial purchasers or its affiliate to effect the concurrent repurchase.
- The repurchase authorization may be extended, suspended or discontinued at any time without notice at indies discretion.