Vishay Intertechnology Launches $750M Public Offering
Vishay Intertechnology announced that it has commenced an underwritten public offering of $750M of shares of its common stock. All of the shares are being offered by Vishay. Vishay intends to use the net proceeds from the proposed offering to accelerate its growth initiatives and for general corporate purposes, including to reduce current borrowings under its senior secured credit facility. J.P. Morgan is acting as lead book-running manager for the proposed offering. Needham & Company, Oppenheimer & Co., Raymond James, TD Cowen and Truist Securities are also serving as book-running managers. Fifth Third Securities, MUFG, Santander and UniCredit are serving as co-managers.
