The Firm recently represented the placement agents, led by J.P. Morgan Securities LLC, in connection with the private placement by Semtech Corporation of $250,000,000 aggregate principal amount of 4.000% Convertible Senior Notes due 2028. Semtech used the net proceeds, together with cash on hand, in order to prepay term loans outstanding under the Company’s senior credit facilities and to pay related fees and expenses.
Semtech Corporation (NASDAQ: SMTC) is a high-performance semiconductor, IoT systems, and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected, and sustainable planet. Semtech’s global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets.
The Simpson Thacher team included Roxane Reardon, Lia Toback, Ben Carson and Mark Marzziotti (Capital Markets); Jessica Tuchinsky, Robert Meyer and Taylor Nefussy (Banking & Credit); and Jonathan Cantor (Tax).