Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Silicon Laboratories Inc. of $400 million aggregate principal amount of its 1.375% convertible senior notes due 2022, which included $50 million aggregate principal amount of notes issued pursuant to the full exercise of the initial purchaser’s option to purchase additional notes. The net proceeds from the offering were approximately $389.3 million. Silicon Laboratories’ common stock is listed on the NASDAQ Global Select Market under the symbol “SLAB.”

Based in Austin, Texas, Silicon Laboratories is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets.

The Davis Polk capital markets team included partner Derek Dostal and associate Roderick G. Miller. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Barry J. Gewolb and Hanbing Zhang. Partner Michael Farber and associate Mahalia S. Burford provided tax advice. Associate Bonnie Chen provided intellectual property and technology advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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