Nvidia launches $1.3B debt offering to help fund buybacks

Nvidia (NVDA) is selling $1.3B worth of convertible senior notes due 2018 in a private offering. The chipmaker says it will use the proceeds mostly to fund buybacks and dividend payments. $200M will be use to repurchase shares from note-purchasers via privately negotiated deals. (PR)

Nvidia added $1B to its buyback program earlier this month, raising its total authorization to $1.29. The company ended its Oct. quarter with $3.03B in cash, equivalents, and investments, and no debt.

From other sites
Comments (1)
  • Tradevestor
    , contributor
    Comments (5012) | Send Message
    A look at NVDIA's Dividend http://seekingalpha.co...
    3 Dec 2013, 03:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs