Smart Global amends 2.25% convertible notes due 2026

Chicago, Aug. 29 – Smart Global Holdings, Inc. entered into a first supplemental indenture regarding its 2.25% convertible senior notes due 2026, according to an 8-K filing with the Securities and Exchange Commission.

Smart Global can no longer elect physical settlement on any conversion of the notes that occurs after Aug. 26.

Additionally, going forward for any combination settlement for a conversion of the 2026 notes, the specified dollar amount that will be settled in cash will be no lower than $1,000 for each $1,000 note.

Smart Global is a Newark, Calif.-based manufacturer of computing, memory, and LED lighting solutions.

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