indie Semiconductor $160 million convertible senior notes offering
Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A offering by indie Semiconductor, Inc. of $160 million aggregate principal amount of its 4.500% convertible senior notes due 2027, which included $20 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.
indie offers highly innovative automotive semiconductors and software solutions for Advanced Driver Assistance Systems (ADAS), connected car, user experience and electrification applications. indie focuses on edge sensors across multiple modalities spanning light detection and ranging (LiDAR), radar, ultrasound and vision.
The Davis Polk corporate team included partner Derek Dostal and associate Jonathan I. Stempel. The equity derivatives team included partners Mark M. Mendez and Derek Walters, counsel Justin Michael and associate Amy Cheng. The tax team included partner Michael Farber and associate Justin Corvino. Partner Matthew J. Bacal provided intellectual property and data privacy advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.