Davis Polk advised the financial adviser to Microchip Technology Incorporated in connection with Microchip’s privately negotiated exchanges of $414.3 million aggregate principal amount of its 1.625% convertible senior subordinated notes due 2025 and $381.8 million aggregate principal amount of its 1.625% convertible senior subordinated notes due 2027 for cash and shares of Microchip’s common stock.

Headquartered in Chandler, Arizona, Microchip is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market.

The Davis Polk corporate team included partner Alan F. Denenberg and associate Bryan M. Quinn. All members of the Davis Polk team are based in the Northern California office.

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