Microchip Technology announces multi-tranche secured notes offering for Microsemi acquisition

By Paul A. Harris

Portland, Ore., May 21 – Microchip Technology Inc. announced in a Monday press release that it plans to sell senior secured notes in multiple tranches via Rule 144A and Regulation S.

Proceeds will be used to help fund the acquisition of Microsemi Corp.

Debt financing for the acquisition also includes a $2 billion term loan (Baa3//BBB-) via JPMorgan.

Microchip Technology is a Chandler, Ariz., manufacturer of microcontroller, memory and analog semiconductors.

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