Chartered raises $300 million through private placement
EE Times: Chartered raises $300 million through private placement | |
Peter Clarke (08/17/2005 11:54 AM EDT) URL: http://www.eetimes.com/showArticle.jhtml?articleID=169300161 | |
LONDON Singaporean foundry Chartered Semiconductor Manufacturing said Wednesday (Aug. 17) it has completed a private placement of $300 million worth of “units” with the trading division of Goldman Sachs (Singapore) Pte. Chartered is using the net proceeds to repay some of its current debt with the remainder to be used for other working capital and general corporate purposes. The units comprise convertible redeemable preference shares and amortizing bonds due 2010. The amortizing bonds with an initial principal amount of $47 million are set to pay semi-annual cash payments of $5.47 million per payment, as a combination of principal and interest, on February 17 and August 17 of each year, beginning on February 17, 2006, and will amortize to zero at maturity on August 17, 2010. The private placement is part of broader plan to redeem or repurchase $575 million senior convertible notes due April 2006 (see Aug. 1 story).
| |
- - | |
Related Semiconductor IP
- Post-Quantum Digital Signature IP Core
- Compact Embedded RISC-V Processor
- Power-OK Monitor
- RISC-V-Based, Open Source AI Accelerator for the Edge
- Securyzr™ neo Core Platform
Related News
- BrainChip Raises A$5.355 Million Through an Oversubscribed Placement
- Tower Semiconductor Expands Its Previously Announced Equity Private Placement and Raises Approximately $11 Million
- Mentor Graphics Corporation Announces Pricing of Private Placement of 4.00% Convertible Subordinated Debentures Due 2031
- TranSwitch Corporation Announces Agreement To Raise $2.5 Million In Private Placement
Latest News
- Arteris Selected by Axelera AI to Accelerate Computer Vision for Edge Devices
- Preliminary Characterisation Report for Perceptia’s pPLL08W in GF 22FDX Now Available
- VSORA Launches Europe’s Most Powerful AI Inference Chip
- Redefining the Edge AI Developer Experience on Arm with New ExecuTorch 1.0 GA Release
- RED Semiconductor Launches Ordo1 to Accelerate Edge AI Innovation