Latham & Watkins Represents SMART Global Holdings in Upsized Private Offering of US$175 Million Convertible Notes

On August 6, 2024, SMART Global Holdings, Inc. closed US$175 million in aggregate principal amount of convertible senior notes due 2030, offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933. The aggregate principal amount of the offering was increased from the previously announced offering size of US$150 million.

Latham & Watkins LLP represented Smart Global Holdings in the offering with a capital markets team led by New York/Los Angeles partner Greg Rodgers, New York partner Andrew Blumenthal, and Bay Area partner Richard Kim, with associates Claire Solimine, Casey Tong, Natalie Robertson, Edwin Gonzalez, and Daniel Weiss. Advice was also provided on equity derivatives matters by New York partner Eric Rice, with associates Hera Liao and Henry Lin; on tax matters by New York partner Bora Bozkurt, with associate Claire Park;* and on finance matters by New York/Los Angeles partner Nathan Whitaker, with associates Shane Alexander, Jose Barragan-Monge, and Rychelle Andersen.

*Admitted to practice in Massachusetts only.