SMART Global Holdings’ $250 Million Convertible Senior Notes Offering


Davis Polk advised SMART Global Holdings, Inc. on the deal.

SMART Global Holdings, Inc. closed an offering of $250 million aggregate principal amount of its 2.25% convertible senior notes due 2026.

Headquartered in the Cayman Islands, SMART is a global leader in specialty memory, storage and hybrid solutions serving the electronics industry for over 25 years. SMART delivers components, modules and solutions to a broad OEM customer base, in computing, networking, communications, storage, mobile and industrial markets.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associates Bryan M. Quinn, Benson Richards and Joseph G. Marano. The equity derivatives team included partner John M. Brandow and counsel Justin Michael. The tax team included partner Rachel D. Kleinberg and associate Adam R. Brownstone. Partner Frank J. Azzopardi and associate Jennifer Leather provided intellectual property advice.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; John Brandow – Davis Polk & Wardwell; Adam Brownstone – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Jennifer Leather – Davis Polk & Wardwell; Joseph Marano – Davis Polk & Wardwell; Justin Michael – Davis Polk & Wardwell; Bryan Quinn – Davis Polk & Wardwell; Benson Richards – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: SMART Global Holdings, Inc.;

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Author: Ambrogio Visconti