Vishay Intertechnology, Inc. has entered into an underwriting agreement for a public offering of its common stock, expecting to raise approximately $830.3 million in net proceeds. The company intends to use the funds to accelerate growth initiatives, for general corporate purposes, and to reduce existing debt.
Key Details
- Offering Size: The company will sell a total of 17,250,000 shares, which includes 15,000,000 primary shares and an additional 2,250,000 shares from the underwriters' fully exercised option.
- Pricing & Proceeds: Shares were priced at $50.00 each, with expected net proceeds of approximately $830.3 million after underwriting discounts, commissions, and expenses.
- Use of Funds: Proceeds are designated for accelerating growth initiatives, general corporate purposes, and reducing borrowings under its senior secured credit facility.
- Timeline: The agreement was signed on June 29, 2026, and the offering is expected to close on July 1, 2026.