Lam Research issues $900 million of Convertible Senior Notes in Rule 144A offering

Client(s) Lam Research Corporation

Jones Day represented Lam Research Corporation, a leading supplier of wafer fabrication equipment and services to the worldwide semiconductor industry, in connection with its issuance of $450 million of 0.50% Convertible Senior Notes due 2016 and $450 million of 1.25% Convertible Senior Notes due 2018 in a Rule 144A offering, initial purchasers J.P. Morgan Securities LLC and Goldman Sachs & Co.

In connection with the transaction, Lam Research Corporation also entered into privately negotiated convertible note hedge transactions with the initial purchasers or their respective affiliates.