Press Releases
05 May 2026BE Semiconductor Industries N.V. Announces Early Redemption of € 175 Million Senior Unsecured Convertible Bonds due 2029
Duiven, the Netherlands, May 5, 2026 – BE Semiconductor Industries N.V. (the "Company” or “Besi”) (Euronext Amsterdam: BESI; OTC: BESIY) announces today the exercise of its early redemption option with respect to its € 175 million 1.875% Senior Unsecured Convertible bonds due 2029 (ISIN: XS2465773070) (the "2029 Bonds") in accordance with Condition 4.1 of the terms and conditions (the "Conditions") of the 2029 Bonds.
Currently, € 175 million aggregate principal amount of the 2029 Bonds is outstanding which represents 100% of the aggregate principal amount of the 2029 Bonds originally issued. The 2029 Bonds will be redeemed on June 4, 2026 (the "Redemption Date") at 100% of their principal amount (equal to € 100,000 per 2029 Bond). The Company will also pay accrued but unpaid interest on the 2029 Bonds up to but excluding the redemption thereof. The holders of the 2029 Bonds may exercise their conversion rights no later than May 26, 2026. The conversion price of the 2029 Bonds is currently € 115.50 per Besi ordinary share versus the closing price of the Company's ordinary shares of € 244.30 on Euronext Amsterdam at the end of yesterday's trading session.
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