Banking Recap

SITIME Corp Prices Notes Offering for $1.10B

This deal is a convertible senior notes offering whose proceeds are partly intended to fund an acquisition, classified under debt capital markets (DCM) in the tech sector, involving SiTime Corp (ticker SITM) as both issuer and acquirer, with the assets being acquired related to the timing business of Renesas Electronics. The disclosed value of the transaction is $1,100,000,000.

May 19, 2026·SEC EDGAR (8-K)·pending regulatory·convertible senior notes offering (proceeds partly fund an acquisition)

Deal value

The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on May 19, 2026. The deal's current status is pending regulatory approval.

On the financial advisory side, Barclays is identified as one of several book-running managers for the notes offering, named alongside Wells Fargo Securities, Goldman Sachs & Co. LLC, UBS Investment Bank, and Morgan Stanley in the same source sentence, though only Barclays is broken out as a separate structured entry, with no lead designation specified among them. Separately, HudsonWest LLC served as financial advisor to SiTime in a lead capacity, a role distinct from the notes offering's book-running managers.

No legal advisors were extracted for this deal in the facts block, so it is not possible to state which law firms, if any, are representing SiTime or any other party.

Beyond the classification of this transaction as a convertible senior notes offering with proceeds partly funding the Renesas timing business acquisition, with a disclosed value of $1,100,000,000, no further detail on the notes' coupon, conversion terms, or maturity is provided in the facts block.

Several items are not disclosed in the available record. While the source sentence names Wells Fargo Securities, Goldman Sachs & Co. LLC, UBS Investment Bank, and Morgan Stanley alongside Barclays as book-running managers, these are not broken out as separate structured financial advisor entries. No legal advisors are identified, the specific notes terms (coupon, conversion price, maturity) are not given, and no expected closing date or further timeline detail beyond the May 2026 filing date and pending-regulatory status is provided.