Synaptics to repay some of its 0.5% convertibles due 2022

By Taylor Fox

New York, March 8 – Synaptics Inc. plans to prefund the repayment of a portion of its 0.5% convertibles senior notes due 2022 using proceeds from an offering of $400 million of senior notes due 2029, according to a news release.

The proceeds will also pay any related fees, expenses and costs, including interest on the convertible notes. Proceeds are also expected to be used for future acquisitions, additional repayment of existing debt and repurchases of shares of the company’s common stock.

Synaptics is a San Jose, Calif.-based developer and supplier of custom-designed human interface semiconductor product solutions that enable people to interact more easily and intuitively with mobile computing, communications, entertainment, and other electronic devices.

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