Microchip Technology Incorporated Convertible Notes Exchanges

Davis Polk is advising the financial adviser to Microchip Technology Incorporated in connection with Microchip’s privately negotiated exchanges of $615 million aggregate principal amount of its outstanding 1.625% convertible senior subordinated notes due 2025 for approximately $615 million plus accrued and unpaid interest in cash and approximately 3,100,000 shares of Microchip’s common stock.

Headquartered in Chandler, Arizona, Microchip is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market.

The Davis Polk corporate team includes partner Alan F. Denenberg and associate Bryan M. Quinn. All members of the Davis Polk team are based in the Northern California office.