On December 16, 2024, Microchip Technology Incorporated (Microchip) priced an offering of (i) $1 billion in aggregate principal amount of its 4.900 percent senior notes due 2028 (2028 notes), and (ii) $1 billion in aggregate principal amount of its 5.050 percent senior notes due 2030 (2030 notes, together with 2028 notes, “the notes”). The notes are and will be guaranteed by each of Microchip's existing and future subsidiaries that is or becomes an obligor under Microchip's existing senior credit facilities. The sale of the notes closed on December 16, 2024. Microchip intends to use the net proceeds from the sale of the notes to repay its senior term loan facility, a portion of the debt outstanding under its commercial paper program and the payment of fees and expenses related to the offering of the notes.
Wilson Sonsini Goodrich & Rosati advised Microchip on the transaction. The Wilson Sonsini team includes:
Corporate
Robert Suffoletta
Emily Coskey
Varun Lella
Corporate Finance
Erik Franks
Katie Barnes
Roshanne Arathoon
Jiyoon Song
For more information, please see Microchip’s 8-K filing with the SEC.
