On March 5, 2024, Microchip Technology Incorporated (Microchip) priced an offering of $1 billion in aggregate principal amount of its 5.050% senior notes due 2029 (the notes). The notes are and will be guaranteed by each of Microchip’s existing and future subsidiaries that is or becomes an obligor under Microchip’s existing senior credit facilities. The sale of the notes closed on March 7, 2024. Microchip intends to use the net proceeds from the sale of the notes to repay a portion of the debt outstanding under its commercial paper program and the payment of fees and expenses related to the offering of the notes.

A Wilson Sonsini Goodrich & Rosati team representing Microchip in this transaction includes corporate partners Robert Suffoletta and Nathan Robinson; corporate associates Tamara Labanowski and Varun Lella; corporate finance partners Erik Franks and Michael Rosati; corporate finance associates Alex Weber, Ryan Isola and Julia Anderson; tax partner Dave Strong; and tax associate Nika Antonikova.

For more information, please see Microchip’s 8-K filing with the SEC.