Replies to post #431847 on InterDigital Inc (IDCC)

[teecee56]

this is i think either the 3rd or 4th convertible bond that idc has issued...there has never been an exercise of the convertibles previously....not even at the base convertible rate...much less the hedged out rate......maturity is 15months from now

[vegas options]

badgerkid, Example 2027 notes if held to conversion in 2027 convert at $69/share as the share cost decreases by the dividend. The notes are hedged to $125 but the warrants are not. The notes convert after June, 2025 at $72.20. I worry about the warrants which could explain the hurry in the buyback. If the notes are converted, the note liability goes away. If the hedge maxes out the company could receive an additional $300+M. The 2024 notes convert in June 2024. I think the only hope there is whatever is left of the hedge.