SGH $175 million convertible notes offering and capped call transactions
The 2% convertible senior notes are due 2030
Davis Polk advised the joint book-running managers in connection with a Rule 144A offering by SMART Global Holdings, Inc. (SGH) of $175 million aggregate principal amount of its 2.00% convertible senior notes due 2030. In addition, Davis Polk advised the counterparties to capped call transactions entered into in connection with the offering.
SGH is a technology company that helps its customers design, build, deploy and manage high-performance, high-availability enterprise solutions to solve for the future.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Jonathan Bye and Dove Barbanel. The equity derivatives team included partner Mark M. Mendez, counsel Justin Michael and associate Melissa X. Estrada. The tax team included partner Aliza Slansky and associate William Liang. Partner Frank J. Azzopardi and associate Alexis N. Wallace provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.