DIODES INC /DEL/ (DIOD) Form 8-K — Aug 18, 2026
Diodes Incorporated completed a $375 million private offering of 0.00% Convertible Senior Notes due 2031 on August 18, 2026, including the full exercise of the initial purchasers' $50 million option. Net proceeds were approximately $364.6 million after discounts and estimated expenses. The notes bear no regular interest and mature August 15, 2031, with an initial conversion price of approximately $145.79 per share, a 50.0% premium over the $97.19 Nasdaq close on August 13, 2026. The company cannot redeem the notes before August 20, 2029, and holders may require repurchase at par upon a fundamental change.
Key figures
- Debt Amount
- 375000000
- Interest Rate
- 0.00%
- Maturity Date
- August 15, 2031
- Gross Proceeds
- 375000000
- Net Proceeds
- 364600000
- Capped Call Cost
- 21900000
- Conversion Rate
- 6.8594 shares per $1,000 principal amount
- Conversion Price
- approximately $145.79 per share
- Conversion Premium
- 50.0%
- Capped Call Cap Price
- 194.38
- Special Interest Rate
- 0.50% per annum
- Share Repurchase Price
- 97.19
- Cross Default Threshold
- 25000000
- Share Repurchase Shares
- approximately 0.36 million
- Initial Purchasers Option
- 50000000
- Share Repurchase Aggregate
- 35000000
- Last Reported Sale Price Aug13
- 97.19
- Optional Redemption Earliest
- August 20, 2029
- Revolver Maturity Extended To
- August 12, 2031
- Shares Underlying Notes Initial
- 2572275
- Shares Underlying Notes Maximum
- 3858413
Price after filing
Close on the filing date to close N calendar days later (from $99.10). Historical, not a forecast.
AI analysis
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