Hynix Semiconductor in $500 Million Note Offering

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.