07:47 AM EDT, 09/02/2025 (MT Newswires) -- Nova (NVMI) said Tuesday that it plans to offer a $500 million private offering of 0% senior convertible notes due in 2030.

Nova said it expects to grant initial purchasers of the notes an additional $75 million of notes.

The company said that the Notes will mature on Sept. 15, 2030, unless earlier repurchased, and that final terms of the notes, including the conversion price, will be decided when the offering is priced.

Proceeds from the offering will be used to cover expenses related to capped call transactions and general corporate purposes, the company added.

Shares of the company were down nearly 6% in recent Tuesday premarket activity.