Semtech $250 million convertible senior notes offering
We advised Semtech on its private placement of 4% convertible senior notes due 2028
Davis Polk advised Semtech Corporation in connection with its private placement of $250 million aggregate principal amount of 4.00% convertible senior notes due 2028. The notes were sold in an offering exempt from registration under Section 4(a)(2), and ownership of the notes is limited to investors who are “qualified institutional buyers” under Rule 144A.
Semtech Corporation is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet.
The Davis Polk corporate team included partner Dan Gibbons and associates Caroline G. Armstrong and Samuel S. Vallejo. The equity derivatives team included partner Caitlin L. Wood and associates Greg Marchesini and Jonathan Schlecht. Partner Lucy W. Farr, counsel Aliza Slansky and associate William Liang provided tax advice. All members of the Davis Polk team are based in the New York office.