Latham & Watkins Advises on Supermicro’s US$1.725 Billion Convertible Senior Notes Offering

Super Micro Computer, Inc. (NASDAQ: SMCI), a Total IT Solution Manufacturer for AI, cloud, storage, and 5G/Edge, closed on February 27, 2024 an offering of US$1.725 billion aggregate principal amount of 0% convertible senior notes due 2029. The initial purchasers exercised in full their option to purchase an additional US$225 million aggregate principal amount of the Convertible Notes. The Convertible Notes were offered and sold to “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York/Los Angeles partners Greg Rodgers and Brittany Ruiz, and New York partner Andrew Blumenthal, with associates Andrew Bentz, Catherine Shaw, Steve Hess, and Daniel Weiss. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Claire Park;* on intellectual property matters by New York partner Jessica Cohen, with associate Dewey Kang; on data privacy matters by Bay Area partner Heather Deixler, with associate Mitch Bennett;** on environmental matters by Los Angeles partner Aron Potash, with associate Cody Kermanian; and on sanctions matters by Washington, D.C. partner Les Carnegie, with associate Eric Green.

*Admitted to practice in Massachusetts only.
**Admitted to practice in New South Wales (Australia) only