The 1.25% convertible notes are due 2030

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by MKS Instruments, Inc. of $1.4 billion aggregate principal amount of its 1.25% convertible senior notes due 2030, which included $200 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

MKS Instruments, Inc. delivers foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. MKS Instruments, Inc. applies its broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Paula Gergen, Elsie Cheang, Brendon S. Brown and Alexander Curtis. The equity derivatives team included partner Mark M. Mendez, counsel Faisal Baloch and associate Jonathan Schlecht. The tax team included counsel Yixuan Long. Partner David R. Bauer provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.