SIMO Filings — Silicon Motion Technology Corporation - FilingSpy
SIMO
Silicon Motion Technology Corporation
A designer of the controllers that act as the "brains" inside solid-state drives (SSDs) and other flash storage, making the chips in laptops, desktop PCs and data centers work reliably. It began in Taiwan in 1995 as Feiya Technology and took the Silicon Motion name in 2002 after buying a California company of the same name. Its controllers are a hidden workhorse: you rarely see its name on a drive, but it has shipped billions of them to storage makers worldwide.
On August 13, 2026, Silicon Motion Technology Corporation issued $1,150,000,000 aggregate principal amount of 0.00% Convertible Senior Notes due 2031, including the full exercise of the initial purchasers' option for an additional $150,000,000.
Show detailsHide details
The Notes are senior, unsecured obligations that do not bear regular interest and will mature on August 15, 2031, unless earlier repurchased, redeemed, or converted.
Holders may convert Notes under specified conditions before May 15, 2031, and at any time on or after that date until the second scheduled trading day before maturity; the Company will settle conversions in cash and/or ADSs.
The Company may redeem the Notes for cash on or after August 20, 2029 under certain conditions, and holders may require repurchase upon a fundamental change or on August 15, 2029.
Net proceeds are intended for general corporate purposes and repayment of outstanding borrowings under the Company's credit agreement dated January 14, 2026 with CTBC Bank Co., Ltd.
Silicon Motion prices $1.0B 0.00% convertible senior notes due 2031
Silicon Motion priced an upsized $1,000,000,000 aggregate principal amount of 0.00% convertible senior notes due 2031, up from the previously announced $800,000,000.
Show detailsHide details
The notes are senior, unsecured obligations, mature on August 15, 2031, and will not bear regular interest or accrete.
Initial conversion rate is 2.6281 ADSs per $1,000 principal, representing an initial conversion price of approximately $380.50 per ADS, a 65.0% premium over the last reported sale price of $230.61 per ADS on August 10, 2026.
Settlement is scheduled for August 13, 2026, with an option for initial purchasers to buy up to an additional $150,000,000 in notes within 13 days.
Net proceeds are estimated at $980 million (or $1,127 million if the option is fully exercised), intended for general corporate purposes and to repay amounts outstanding under its credit agreement.
The offering is private, under Rule 144A, and the notes and any underlying ADSs or ordinary shares will not be registered under the Securities Act.
Silicon Motion announces $800M convertible senior notes offering due 2031
On August 10, 2026, Silicon Motion announced a private offering of $800 million aggregate principal amount of 0.00% convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional $120 million.
Show detailsHide details
The notes will be senior unsecured obligations, mature on August 15, 2031, and will not bear regular interest or accrete.
Proceeds are intended for general corporate purposes and to repay amounts outstanding under its credit agreement.
The company also furnished unaudited condensed consolidated financial statements for the six months ended June 30, 2026, showing net income of $202.9 million on net sales of $793.1 million.
The offering is subject to market conditions and may not be completed; final terms will be determined at pricing.