February 8, 2017 / 9:41 PM / 6 months ago

BRIEF-Microchip Technology incorporated announces proposed $2 billion offering of convertible notes

Feb 8 (Reuters) - Microchip Technology Inc :

* Microchip Technology incorporated announces proposed $2 billion offering of convertible notes

* Microchip Technology Inc says intention to offer $1.5 billion aggregate principal amount of convertible senior subordinated notes due 2027

* To offer $500 million aggregate principal amount of convertible junior subordinated notes due 2037

* Microchip Technology - intends to use approximately $1.5 billion of net proceeds from this offering to reduce borrowings under its amended credit facility Source text for Eikon: Further company coverage:

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