0% Convertible Senior Notes due 2031
Note · ON Semiconductor Corporation
Reference: 0% Convertible Senior Notes due 2031
- Original principal
- USD 1,500,000,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- May 1, 2031
Last reported interest terms: 0% Reported 2026-05-12 Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
Documents and filing history
-
Issuance
· 2026-05-11
Original principal USD 1,500,000,000 Exact source document
Parent 8-K filing · 2026-05-12
### On May 11, 2026, ON Semiconductor Corporation (the “Company”) completed its previously announced private unregistered offering of $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase $200 million aggregate principal amount of additional Notes.
Issuer evidence: ### On May 11, 2026, ON Semiconductor Corporation (the “Company”) completed its previously announced private unregistered offering of $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase $200 million aggregate principal amount of additional Notes.
Supporting evidence: ### The Notes were issued under an Indenture, dated as of May 11, 2026 (the “Indenture”), by and among the Company, the Guarantors (as defined below) and Computershare Trust Company, National Association, as trustee (the “Trustee”). The Indenture provides, among other things, that the Notes will mature on May 1, 2031, unless earlier repurchased or redeemed by the Company or converted pursuant to their terms. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete.
Supporting evidence: ### On May 11, 2026, ON Semiconductor Corporation (the “Company”) completed its previously announced private unregistered offering of $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase $200 million aggregate principal amount of additional Notes.
Supporting evidence: ### On May 11, 2026, ON Semiconductor Corporation (the “Company”) completed its previously announced private unregistered offering of $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase $200 million aggregate principal amount of additional Notes.