STMicroelectronics’ $1.5 Billion Convertible Bonds Offering

NautaDutilh and Shearman & Sterling advised STMicroelectronics on the offering.

STMicroelectronics executed the offering of a dual-tranche USD 1,500,000,000 senior unsecured bonds, convertible into ordinary shares and the early redemption of a tranche of zero coupon convertible bonds due 2022. This is the fourth convertible bond process the team has worked on this year and one of the largest by any Dutch issuer.

STMicroelectronics is a creator and maker of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. Their technologies, a.o. enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology.

NautaDutilh team for STMicroelectronics consisted of Antonia Netiv (Picture), Geert Raaijmakers, Sabrina Legerstee, Christiaan Roeterdink, Tessa van Berkum and Nina Kielman.

Involved fees earner: Nina Kielman – NautaDutilh; Sabrina Legerstee – NautaDutilh; Antonia Netiv – NautaDutilh; Geert Raaijmakers – NautaDutilh; Christiaan Roeterdink – NautaDutilh; Tessa van Berkum – NautaDutilh;

Law Firms: NautaDutilh;

Clients: STMicroelectronics;