ON Semiconductor Announces Redemption of Its 1.875 Percent Convertible Senior Subordinated Notes Due 2025

ON Semiconductor Corporation (NASDAQ: ONNN ) today announced that it is exercising its option to redeem all remaining outstanding 1.875 percent Convertible Senior Subordinated Notes due in 2025 (CUSIP No. 682189AC9 and 682189AD7) (the "Notes") amounting to an aggregate principal amount of $95 million. The redemption date will be