Davis Polk advised  the initial purchasers in connection with a Rule 144A offering by Integrated Device Technology, Inc. (“IDTI”) of $373.75 million aggregate principal amount of its 0.875% convertible senior notes due 2022, which included $48.75 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Headquartered in San Jose, California, IDTI designs, develops, manufactures and markets a range of semiconductor solutions for the communications, computing and consumer industries worldwide. IDTI’s stock is listed on the NASDAQ Global Select Market under the symbol “IDTI.”

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Keerthika Melissa Subramanian and Stephanie Lai. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Robert Stewart and Won Lee. The tax team included partner Rachel D. Kleinberg. The intellectual property and technology team included associate Michelle Gross. Omed Sharifi was the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.

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