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NVIDIA Corp announces pricing of $1.3 billion of convertible senior notes


Tuesday, 26 Nov 2013 07:30am EST 

NVIDIA Corp:Says pricing of $1.3 billion aggregate principal amount of convertible senior notes due in 2018.Says the company has also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $200 million aggregate principal amount of notes from the company to cover any over-allotments.Says company intends to use the net proceeds for the repurchase of shares of the company's common stock and quarterly dividend payments pursuant to the company's recently announced fiscal 2015 capital return program, and general corporate purposes.Says the Company also intends to use a portion of the net proceeds of the offering to repurchase 920,355 shares of its common stock from purchasers of the notes in privately negotiated transactions. 

Company Quote

22.73
0.1 +0.44%
28 Aug 2015