Simpson Thacher represented Barclays Capital Inc. as the sole book-running manager and initial purchaser in connection with a Rule 144A offering of $400 million aggregate principal amount of 0.25% Convertible Senior Notes due 2026 by MACOM Technology Solutions Holdings, Inc. (“MACOM”). MACOM also granted Barclays a 13-day option to purchase up to an additional $60 million of the notes. MACOM intends to use the net proceeds of the offering for partial repayment of its outstanding term loans.
MACOM designs and manufactures semiconductor products for Telecommunication, Industrial and Defense and Data Center applications. Headquartered in Lowell, Massachusetts, MACOM has design centers and sales offices throughout North America, Europe and Asia, offering a broad portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components and complete subsystems.
The Simpson Thacher team included Roxane Reardon and Tony Rim (Capital Markets); Nancy Mehlman and Scott Grundei (Tax); Adeeb Fadil (Environmental); Jeanne Annarumma and J. Pasco Struhs (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); and Andrew Pagliughi (Blue Sky).