===GlobalFoundries (GFS) prices $950 million secondary offering of ordinary shares

 

GlobalFoundries prices $950 million secondary offering of ordinary shares, including concurrent $200 million share repurchase

• Co announced the pricing of a secondary public offering of $950 million of its ordinary shares at a price to the public of $50.75 per share (including a $200 million share repurchase, as described below).
• All of the shares in the offering are being offered by Mubadala Technology Investment Company. The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries' largest shareholder).
• GlobalFoundries has agreed to concurrently repurchase from the underwriters $200 million of the Selling Shareholder's ordinary shares that are subject to the offering at a price per share equal to the public offering price for the offering.