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InterDigital Announces Conversion Rate Adjustment to 1.50% Senior Convertible Notes Due 2020

WILMINGTON, Del., June 21, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC) (the “Company”) announced today an adjustment to the conversion rate applicable to its 1.50% Senior Convertible Notes due 2020 (the “Notes”).  In connection with the cash dividends previously announced by the Company and paid on October 26, 2016, January 25, 2017 and April 26, 2017, the conversion rate for the Notes has been increased to 13.8664 shares of the Company’s common stock per $1,000 principal amount of Notes.

/EIN News/ -- About InterDigital
InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

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