The Firm represented Jefferies LLC, Evercore Group L.L.C. and TD Securities (USA) LLC as representatives of the initial purchasers in the offering by Cohu, Inc. (“Cohu”) of $287.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2031, which amount includes the full exercise of the initial purchasers’ option to purchase additional notes. In addition, the Firm represented certain financial institutions in capped call transactions entered into with Cohu concurrently with the notes offering.
Cohu used a portion of the net proceeds from the Notes offering to fund the cost of entering into the capped call transactions and intends to use the remaining net proceeds for general corporate purposes.
Cohu is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market.
The Simpson Thacher team included Roxane Reardon, Matt Hart, John Hotes and Marlena Choupo (Capital Markets); Jonathan Lindabury, Marc Langer and Jhaton White (Derivatives); Jonathan Cantor, Sean Largey and Kris Liu (Tax); Jeanne Annarumma and Alexander Kharash (Executive Compensation and Employee Benefits); Michael Isby (Environmental); James Talbot, Alysha Sekhon and Margerite Blase (Intellectual Property); and Jennie Getsin (FINRA).