Xilinx intends to use the remainder of the net proceeds for general corporate purposes. If the initial purchaser exercises its overallotment option, Xilinx may use a portion of the net proceeds from the sale of additional debentures to repurchase additional shares of its common stock.
The new buyback amount is in addition to the approximately $175 million remaining from its previous share repurchase program.
Xilinx also boosted its quarterly dividend to 12 cents to 9 cents.
Shares of Xilinx were up 1.4% in after-hours trading to $26.72.