Onto Innovation Prices Upsized $1.3 Billion Convertible Notes Due 2031
19 maj, 10:00
04:00 AM EDT, 05/19/2026 (MT Newswires) -- Onto Innovation (ONTO) priced an upsized private offering of $1.30 billion of 0% convertible senior notes due 2031, increasing the deal from the initially planned $1.1 billion, the company said Monday.
The notes will have an initial conversion price of about $381.80 per share.
The company also granted the initial purchasers an option to buy up to an additional $200 million of notes.
The company said the proceeds will be used to fund capped call transactions, repurchase about $205 million of its shares, and for general corporate purposes, including potentially financing its planned acquisition of a 27% stake in Rigaku.
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Onto Innovation Prices Upsized $1.3 Billion Convertible Notes Due 2031
19 maj, 10:00
04:00 AM EDT, 05/19/2026 (MT Newswires) -- Onto Innovation (ONTO) priced an upsized private offering of $1.30 billion of 0% convertible senior notes due 2031, increasing the deal from the initially planned $1.1 billion, the company said Monday.
The notes will have an initial conversion price of about $381.80 per share.
The company also granted the initial purchasers an option to buy up to an additional $200 million of notes.
The company said the proceeds will be used to fund capped call transactions, repurchase about $205 million of its shares, and for general corporate purposes, including potentially financing its planned acquisition of a 27% stake in Rigaku.
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