Lam Research Corporation $1 Billion Notes Offering
Davis Polk advised J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as the joint book-running managers on the SEC-registered offering by Lam Research Corporation of $500 million of its 2.750% senior notes due 2020 and $500 million of its 3.800% senior notes due 2025.
Headquartered in Fremont, California, Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Tyler P. Pender, Aaron Justin Epstein and Siyu Jiang. Partner Rachel D. Kleinberg and associate Catherine Paskoff Chang provided tax advice. Associate Fiona Finlay-Hunt provided intellectual property advice. Associate Elina Teboul provided 1940 Act advice. Counsel Loyti Cheng provided environmental advice. Members of the Davis Polk team are based in the Menlo Park and New York offices.