The 3.5% convertible senior notes are due 2029

Davis Polk advised the representative of the several initial purchasers in connection with a Rule 144A offering by indie Semiconductor, Inc. of $218.5 million aggregate principal amount of its 3.50% convertible senior notes due 2029, which included $28.5 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised the counterparties to the capped call transactions entered into in connection with the offering.

Headquartered in Aliso Viejo, California, indie offers highly innovative automotive semiconductors and software solutions for Advanced Driver Assistance Systems (ADAS), autonomous vehicle, connected car, user experience and electrification applications. indie focuses on edge sensors across multiple modalities spanning light detection and ranging (LiDAR), radar, ultrasound and computer vision.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Paula Gergen, Brendon S. Brown and Ryan Pham. The equity derivatives team included partner Yan Zhang, counsel Joseph Luizzi and associate Ji Hwan Kim. The tax team included counsel Yixuan Long and associate Ted Lee. Partner Matthew J. Bacal provided intellectual property and data privacy advice. Members of the Davis Polk team are based in the Northern California and New York offices.

Copy link to share post