MACOM Technology Solutions Holdings, Inc. ("MACOM") (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced that the initial purchaser in the company’s recent convertible notes offering transaction has exercised its option to purchase an additional $50.0 million of convertible senior notes (the "Notes") in connection with its March 22, 2021 announced $400 million convertible notes offering. The ‘Greenshoe’ provided the initial purchaser the option to purchase up to $60 million additional Notes under the same terms. No additional Notes will be issued, resulting in a total of $450 million convertible senior notes being issued.
The Zacks Analyst Blog Highlights: Vishay Intertechnology, Applied Materials, MACOM Technology Solutions, Micron Technology and Analog Devices
President Biden earmarking a significant amount on infrastructure spending in semiconductor manufacturing is expected to come as a respite for stocks like VSH, AMAT, MTSI, ADI and MU.