DLA Piper advises Cohu on US$287.5 million convertible senior notes offering

DLA Piper guided Cohu, Inc., a company specializing in equipment and services for the semiconductor industry, in the private offering of US$287.5 million in convertible senior notes, with the proceeds intended to enhance the company’s strategic flexibility. The offering amount includes the full exercise by the purchasers of the option to purchase up to an additional $27.5 million aggregate principal amount of the notes.

The DLA Piper team was led by Partners Larry Nishnick (San Diego) and Anna Spence (New York), with support from Partner Marc Horwitz (Chicago) and Associates Bianca LaCaille (Seattle), Katerina Karaoglanova, and Melody Lilazy (both San Diego), and James Spaulding (Chicago).

DLA Piper assists issuers and underwriters with executing complex securities transactions around the world. The group offers tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Attorneys in the firm’s corporate governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to the group to navigate complex transactions, special investigations, and challenging risk oversight matters.