SiTime prices upsized USD 1.2 billion 0% convertible senior notes due 2031
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SiTime has priced an upsized offering of USD 1.2 billion in 0% Convertible Senior Notes due 2031, increasing from USD 1.1 billion. The sale is set to close on May 22, 2026, with underwriters having an option to purchase an additional USD 150 million. Estimated net proceeds are about USD 1.17 billion, potentially rising to USD 1.32 billion if the option is fully exercised, to fund an acquisition and support general corporate purposes.
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