Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Inphi Corporation of $287.5 million aggregate principal amount of its 0.75% convertible senior notes due 2021. 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 fabless provider of high-speed analog and mixed signal semiconductor solutions for the communications and datacenter 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 associate Judy Lai. The Davis Polk equity derivatives team included partner John M. Brandow and associates Mark J. DiFiore and Won Lee. Partner Rachel D. Kleinberg provided tax advice. Associates Michelle Ontiveros Gross and Jason J. Bang provided intellectual property and technology advice. Associate Colleen Blanco provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.