Seeking Alpha

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.
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  • Tradevestor
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    A look at NVDIA's Dividend http://seekingalpha.co...
    3 Dec 2013, 03:02 PM Reply Like
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