04:45 PM EDT, 09/29/2025 (MT Newswires) -- Cohu ( COHU ) said Monday it has completed a $287.5 million offering of 1.50% convertible senior notes due 2031, which includes the full exercise of a $27.5 million purchase option.

The notes carry an initial conversion price of about $27.18 per share, representing a 32.5% premium over the Sept. 24 closing price, the company said.

Cohu ( COHU ) also entered capped call transactions to raise the effective conversion price to $41.02 per share, potentially reducing dilution or offsetting excess cash payments on conversion, it added.

The company said it will settle conversions by paying the principal in cash and settling any remainder in cash, shares, or a combination of both.