SAN JOSE, Calif.
Feb. 3, 2014
/PRNewswire/ -- Synaptics Incorporated (SYNA), a leading developer of human interface solutions, today announced that it has issued a notice of redemption for all of its outstanding 0.75% Convertible Senior Subordinated Notes due 2024 (the "Notes"). The redemption date is
April 2, 2014
, and the redemption price will be 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest (including Contingent Interest and Additional Interest, if any (as such terms are defined in the indenture governing the Notes)) up to, but excluding, the redemption date. Synaptics intends to use cash on hand to fund the redemption.
The notice of redemption, which contains additional information concerning the terms and conditions of the redemption, was sent to all remaining registered holders of the Notes today by American Stock Transfer & Trust Company, LLC, the trustee under the indenture governing the Notes, in the name of the Company. In accordance with the instructions specified in the notice of redemption, Notes are to be surrendered to American Stock Transfer & Trust Company, LLC, as paying agent and conversion agent under the Indenture.
On and after the redemption date, the Notes will no longer be deemed outstanding and interest will cease to accrue, unless Synaptics defaults in making the redemption payment.
This press release is for informational purposes only and shall not constitute an offer to purchase the Notes or any other securities.
As a leading developer of human interface solutions which enhance the user experience, Synaptics provides the broadest solutions portfolio in the industry. The ClearPad® family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs. The TouchPad™ family, including ClickPad™ and ForcePad®, is integrated into the majority of today's notebook PCs. LiveFlex® fingerprint sensor technology enables authentication, mobile payments, and touch-based navigation for smartphones, tablets, and notebook computers. Synaptics' wide portfolio also includes ThinTouch® supporting thin and light keyboard solutions, as well as key technologies for next generation touch-enabled video and display applications. (NASDAQ: SYNA)