indie Semiconductor Inc. Announces Repurchase of $30 Million Convertible Senior Notes Due 2027

Reuters
06-12
indie Semiconductor Inc. Announces Repurchase of $30 Million Convertible Senior Notes Due 2027

indie Semiconductor Inc. has announced a strategic move to repurchase $30 million in aggregate principal amount of its 4.50% Convertible Senior Notes due 2027. The repurchase agreements, which were privately negotiated, are set to close on June 23, 2025. The total purchase price for these notes, including accrued interest, is expected to be approximately $27 million, contingent upon the company's stock price over an averaging period. This transaction will leave indie Semiconductor with $130 million in outstanding notes. Additionally, holders of the repurchased notes who have hedged their equity price risk may adjust their positions by engaging in transactions involving the company's common stock during the averaging period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. indie Semiconductor Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-030793), on June 11, 2025, and is solely responsible for the information contained therein.

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