• ON Semiconductor priced private offering of USD 1.3 billion of 0% Convertible Senior Notes due 2031, with initial purchasers holding option to buy up to an additional USD 200 million.
• Notes priced at about 52.5% conversion premium, implying initial conversion price of about USD 161.30 per share versus May 6 close of USD 105.77.
• Net proceeds expected at about USD 1.28 billion, rising to about USD 1.47 billion if option exercised in full.
• Proceeds earmarked for general corporate purposes including debt repayment, with about USD 332 million allocated to repurchase about 3,100,000 shares concurrent with pricing.
• Closing expected May 11.

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. ON Semiconductor Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605070041PRIMZONEFULLFEED9715240) on May 07, 2026, and is solely responsible for the information contained therein.