Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 13-01-2023 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Semtech - Sierra Wireless Acquisition Financing | Industry: | Technology Hardware & Equipment |
| Description: |
Davis Polk advised Semtech Corporation on (i) a new five-year pro rata term loan facility of USD895 million and a partial extension of its existing USD600 million revolving credit facility and (ii) its Rule 144A offering of USD319.5 million aggregate principal amount of its 1.625% convertible senior notes due 2027 and related call spread transaction, each in connection with its acquisition of Sierra Wireless. The convertible senior notes were issued on October 12, 2022 and October 21, 2022 and the new term loan facility and the extension of the revolving credit facility became effective on January 12, 2023 upon the closing of the acquisition.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Borrower | Law Firm | Davis Polk |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | James A Florack |
