Diodes issues shares in exchange for $15 million 2.25% convertibles

By Jennifer Chiou

New York, June 15 - Diodes Inc. issued 852,272 shares in exchange for $15 million of its 2.25% convertible senior notes due 2026, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into the privately negotiated exchange agreement with Acqua Wellington Opportunity, Ltd, on June 9.

Diodes said it also paid $66,562.50 in cash for accrued interest.

Diodes is a Westlake Village, Calif.-based semiconductor manufacturer.

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