STMicroelectronics N.V. (STM) Form 6-K — Jun 16, 2026
STMicroelectronics N.V. announced the launch of a US$1.5 billion dual-tranche offering of senior unsecured bonds convertible into new or existing ordinary shares. The New Convertible Bonds consist of a 5-year tranche maturing in 2031 with a coupon between 0.00% and 0.50%, and a 7-year tranche maturing in 2033 with a coupon between 0.625% and 1.125%. Proceeds from the offering will be used for general corporate purposes, including the early redemption of the company's outstanding US$750 million Zero Coupon Convertible Bonds due 2027.
Key figures
- Debt Amount
- US$1.5 billion
- Interest Rate
- 0.00% - 1.125%
- Maturity Date
- 2031, 2033
- Gross Proceeds
- US$1.5 billion
- Redemption Date
- July 16, 2026
- Redemption Amount
- US$750 million
- Old Bond Conversion Price
- US$45.10
- New Bond Conversion Premium
- 47.5% - 55%
AI analysis
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