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MagnaChip Closes Exchangeable Notes Offering
- Client News
- January 17, 2017
Practices
Paul, Weiss advised MagnaChip Semiconductor S.A. in a private offering of $86.25 million aggregate principal amount of 5.00% exchangeable senior notes due 2021. The notes are exchangeable into common stock of the issuer's parent, MagnaChip Semiconductor Corporation. MagnaChip intends to use the net proceeds of the offering for its cost reduction program, for capital expenditures, to repurchase common stock and for general corporate purposes.
The Paul, Weiss team included corporate partners David Huntington, Jeffrey Marell and Ross Fieldston; tax partner David Mayo; and environmental counsel William O'Brien.