Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Inphi Corporation of $506 million aggregate principal amount of its 0.75% convertible senior notes due 2025 (which includes the exercise in full by the initial purchasers of their option to purchase up to $66 million additional aggregate principal amount of notes). In addition, Davis Polk advised the counterparties to the capped call transactions in connection with the offering.

Headquartered in Santa Clara, California, Inphi is a leader in high-speed data movement interconnects. Inphi’s common stock is listed on the New York Stock Exchange under the symbol “IPHI.”

The Davis Polk corporate team included partner Alan F. Denenberg and associates Donald K. Lang and Sylvia Zaich. The Davis Polk equity derivatives team included partner John M. Brandow, counsel Justin Michael and associates Annie Li and Danielle Forni. Partner Po Sit provided tax advice. Partner Frank J. Azzopardi and associate Jennifer Leather provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.