Lam Research Corporation $2.4 Billion Notes Offering

Davis Polk advised the joint book-running managers on the SEC-registered offering by Lam Research Corporation of $800 million aggregate principal amount of its 2.800% senior notes due 2021, $600 million aggregate principal amount of its 3.450% senior notes due 2023 and $1 billion aggregate principal amount of its 3.900% senior notes due 2026.

Headquartered in Fremont, California, Lam Research Corporation is an innovative supplier of wafer fabrication equipment and services to the semiconductor industry.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Tyler P. Pender and Judy Lai. Partner Rachel D. Kleinberg provided tax advice. Associate Michelle Gross provided intellectual property and technology advice. Associate Jake H. Wang provided 1940 Act advice. The environmental team included counsel Loyti Cheng and associate Yuko Masunaga. Members of the Davis Polk team are based in the Northern California and New York offices.