| Issuer / Guarantor | Microchip Technology Incorporated |
|---|---|
| Size | USD 600mn |
| Type | Convertible |
| Leads | JP Morgan, BoA, Truist |
| Maturity | 15 Feb 2030 (4 years) |
| Coupon | 0% |
| Premium | 32.5 - 37.5% |
| Calls | NC3; PC @ 130% w table MW |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 130% to Nov 2026 (0.8 yrs) |
| Announced | 09 Feb 2026 |