Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 23-11-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | Microchip Technology Incorporated Convertible Notes Exchanges | Industry: | Technology Hardware & Equipment |
| Description: |
Davis Polk advised the financial adviser to Microchip Technology Incorporated in connection with Microchip's privately negotiated exchanges of USD90 million aggregate principal amount of its outstanding 1.625% convertible senior subordinated notes due 2025, USD589 million aggregate principal amount of its outstanding 1.625% convertible senior subordinated notes due 2027 and USD408 million aggregate principal amount of its outstanding 2.250% convertible junior subordinated notes due 2037. In exchange for these notes, Microchip was to issue USD666 million aggregate principal amount of new 0.125% convertible senior subordinated notes due 2024 and approximately 8.5 million shares of Microchip's common stock and pay USD435 million in cash.
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| Financial Center: | Silicon Valley | Value: | 1000.01-5000.00 |
| Advised Party: | Financial Advisors | Law Firm | Davis Polk |
| Issuer Jurisdiction | United States | Listing Jurisdiction | United States |
| Classification: |
Bond Repurchase and Exchange Schemes Exchange Offers |
Lawyer | Alan F Denenberg |
