InterDigital (NASDAQ: IDCC) has closed a $400 million offering of 2.00% Senior Convertible Notes. Per the update, the notes are due in 2024 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering of $400 million includes $50 million in aggregate principal amount of the notes issued per the full exercise of the over-allotment option. The notes will be senior unsecured obligations of InterDigital and will pay interest, at a rate of 2.00% per year, semi-annually in cash on June 1 and December 1, and will mature on June 1, 2024. ROTH Capital Partners acted as co-manager for the offering.
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About InterDigital, Inc.
InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. The company solves many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400(R) index. For more information, please visit www.InterDigital.com.
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