Cleary Gottlieb represented Hynix Semiconductor Inc. in its recent issuance of $300 million of 9.875% senior notes due 2012 and $200 million of floating-rate senior notes due 2012. The notes, which are listed on the Singapore Stock Exchange, were sold in a Reg S offering with registration rights. The offering was led by Deutsche Bank Securities, Citigroup, Merrill Lynch & Co. and UBS Investment Bank as representatives of the initial purchasers.
Hynix is one of the world’s leading manufacturers of DRAMs, the most widely used memory chip.