Vishay Intertechnology to Offer $150 Million of Convertible Senior Debentures, Use Proceeds to Buy Back Shares (VSH)

Vishay Intertechnology VSH today announced its intention to commence an offering, subject to market conditions and other factors, of $150 million principal amount of convertible senior debentures. The debentures would be due in 2041 and are to be offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The interest rate, conversion rate and the other terms will be determined by negotiations between Vishay and the initial purchaser of the debentures.