05:54 PM EST, 11/13/2024 (MT Newswires) -- Synaptics ( SYNA ) plans a private offering of $400 million in convertible senior notes due 2031 to qualified institutional investors.

Initial purchasers in the offering will have a 13-day option to buy up to an additional $50 million in notes, Synaptics ( SYNA ) said Wednesday in a statement.

The notes will mature on Dec. 1, 2031, and will be redeemable at the company's option in part or whole on or after Dec. 6, 2028, and on or before the 40th scheduled trading day immediately before the maturity date.

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