SunEdison Semiconductor Announces Pricing for Secondary Offering

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Semiconductor WaferSunEdison Semiconductor Ltd. (NASDAQ: SEMI) has just announced the pricing for its secondary offering. Shares will be offered for $18.25 per share, for a total of roughly 15.94 million shares. The offering is valued at about $290 million.

Deutsche Bank and Goldman Sachs are acting as lead book-running managers for the offering. Barclays, Credit Suisse and Morgan Stanley also are listed as book-running managers.

Note that the company will not receive any proceeds from the offering, only the selling shareholders.

The company primarily sells its products to the major semiconductor manufacturers throughout the world, including integrated device manufacturers, pure-play semiconductor foundries and, to a lesser extent, leading companies that specialize in wafer customization.

During 2014, SunEdison Semiconductor’s largest customers were Samsung, Taiwan Semiconductor and STMicroelectronics. It operates facilities in major semiconductor manufacturing regions throughout the world, including Taiwan, Malaysia, South Korea, Italy, Japan and the United States.

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SunEdison Semiconductor Announces Pricing for Secondary Offering

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