MS · News · 20261001N

Acquisition Financing Mandate

MORGAN STANLEY · 2026-10-01 · Importance 58 · Surprise 42

Morgan Stanley committed to provide up to $2.45 billion in senior secured term loans for onsemi’s acquisition of Synaptics. The amended transaction offers Synaptics shareholders $123 per share in cash following a competing bid. The financing commitment is subject to customary conditions and is not a condition to closing the acquisition. The mandate gives Morgan Stanley a role in financing a semiconductor-industry acquisition while onsemi funds the increased all-cash consideration.