Delta Electronics (Thailand) Public Company Limited, or DELTA, informed the Stock Exchange of Thailand that Delta Electronics Int'l (Singapore) Pte. Ltd., a major shareholder and subsidiary of Delta Electronics Inc., plans to issue and offer overseas zero-coupon convertible bonds with a total value of $1.5 billion on or about September 21, 2026, to increase working capital and support business expansion. The bonds are divided into two tranches. The Tranche A Bonds, worth $500 million, have a one-year term maturing on September 21, 2027, with an initial conversion price of 266.80 baht per share, 15% above the reference price. The Tranche B Bonds, worth $1 billion, have a five-year term maturing on September 21, 2031, with an initial conversion price of 301.60 baht per share, 30% above the reference price. Holders of the Tranche B Bonds also have the right to require redemption of all or part of the bonds at 99.25% and 98.51% of the principal amount upon reaching 1.5 years and 3 years from the bond issuance date, respectively. If the conversion rights on all the bonds are exercised at the initial price, approximately 172.09 million DELTA shares held by Delta Electronics Int'l (Singapore) would be used, representing approximately 1.38% of all issued shares as of the bond issuance date. This bond issuance will not affect DELTA's board structure, management, business administration, policies, or operations.
Delta Electronics (Thailand) Public Company LimitedMajor shareholder Delta Electronics Int'l (Singapore) plans a $1.5B zero-coupon convertible bond issuance to fund working capital and expansion, with conversion prices 15-30% above reference; potential dilution of ~1.38% if converted.
Delta Electronics IncDelta Electronics Inc subsidiary Delta Electronics Int'l (Singapore) is issuing $1.5B in convertible bonds to raise working capital and support business expansion.
