Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Inphi Corporation of $230 million aggregate principal amount of its 1.125% convertible senior notes due 2020. In addition, Davis Polk advised counterparties to the capped call transactions in connection with the offering.

Headquartered in Santa Clara, California, Inphi is a fabless provider of high-speed analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. Inphi’s common stock is listed on the New York Stock Exchange under the symbol “IPHI.”

The Davis Polk corporate team included partner Bruce K. Dallas, counsel Jeffrey Gould and associates Hua Zhao, Stephanie Lai and Randy Li. The Davis Polk equity derivatives team included partner John M. Brandow and associates Mark J. DiFiore and Won Lee. Partner Rachel D. Kleinberg and associate Alexander Wu provided tax advice. Associate Michelle Gross provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.