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Stock impact report

InterDigital Announces Pricing of Private Offering of $350 Million of 2.00% Senior Convertible Notes

InterDigital, Inc. (IDCC) 
Last interdigital, inc. earnings: 2/20 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.interdigital.com
Company Research Source: GlobeNewswire
WILMINGTON, Del., May 30, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. ("InterDigital") (Nasdaq:IDCC) announced today the pricing of its private offering of $350 million aggregate principal amount of 2.00% Senior Convertible Notes due 2024 to be sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Act").  InterDigital has granted the initial purchasers of the notes a 13-day option to purchase up to an additional $50 million aggregate principal amount of notes, solely to cover over-allotments, if any.  The offering is expected to close on June 3, 2019, subject to certain closing conditions. The notes will be InterDigital's senior unsecured obligations.  The notes will pay interest semi-annually in cash on June 1 and December 1 at a rate of 2.00% per year, and will mature on June 1, 2024.  The holders of the notes will have the ability to require InterDigital to repurchase all or any portion of their notes for cash in the e Show less Read more
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