Synaptics® Incorporated (Nasdaq: SYNA) has announced the pricing of its offering of US$400 million aggregate principal amount of 0.75% convertible senior notes due 2031 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The issuance and sale of the notes are scheduled to settle on November 19, 2024, subject to customary closing conditions. Synaptics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$50 million aggregate principal amount of notes.

Latham & Watkins LLP represented Synaptics in the transaction with a corporate deal team led by Bay Area partners Mark Bekheit and Richard Kim, with associates Casey Tong and Chelsi DeTurk. Advice was also provided on convert matters by Los Angeles partners Greg Rodgers and Arash Aminian Baghai, with associates Andrew Bentz and Steve Hess; on tax matters by Bay Area partner Grace M. Lee and New York partner Aaron Bernstein, with associate Emmanuel Kassim; on derivatives matters by New York partner Catherine Lee, with associates Ariel Robbins-Rothman and Dillon Curtis; and on finance matters by New York partner Stephanie Teicher, with associates Sara Shahmiri and Lea Avsenik.