Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC as joint book-running managers on the SEC-registered debt offering by Applied Materials, Inc., including $400 million of 2.65% notes due 2016, $750 million of 4.3% notes due 2021 and $600 million of 5.85% notes due 2041.
Headquartered in Santa Clara, California, Applied is the world’s largest semiconductor fabrication equipment supplier, the leading supplier of LCD fabrication equipment to the flat-panel display industry and the leading supplier of solar PV manufacturing systems to the solar industry, all based on revenue.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Beth Hooton Ruiz and Nicholas J. Dashman. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa provided tax advice. Associate Emma Maconick provided intellectual property advice. Counsel Loyti Cheng and associate Ona Oshen provided environmental advice. Joshua Sills was the legal assistant for the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.
