The Italian-French company has decided to launch an unsecured bond for 1 billion dollars, convertible into the company's ordinary shares – The issue includes two tranches, with 5 and 7 year terms.
StMicroelectronics announces the launch of a $1 billion senior unsecured note, convertible into StM common stock, and a stock repurchase program, "to meet its obligations under its employee stock distribution program."
The issue includes two tranches, at 5 and 7 years. “Our goal – explained Carlo Ferro, CFO of StM – is to further strengthen our capital structure, improving financial flexibility to support growth”.
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