NEW YORK – (November 11, 2014) – International law firm Dorsey & Whitney LLP represented Houlihan Lokey Capital, Inc. as placement agent in connection with a registered direct public offering of $37.5 million of 8.50% Convertible Senior Notes due 2019 issued by Hutchinson Technology Incorporated (Nasdaq: HTCH), a Minnesota-based global supplier of critical precision component technologies. The public offering closed on Thursday, October 23, 2014. Hutchinson is using the net proceeds to repay and redeem existing convertible notes.
The Dorsey team was led by Partner Steven Khadavi, Head of the Firm’s New York office and Co-Chair of its Capital Markets practice group. “This was a complex and fast-moving transaction of the type Dorsey’s Capital Markets lawyers are doing across the country and around the world,” noted Khadavi. The rest of the Dorsey team on the transaction included lawyers from the Firm’s New York and Minneapolis offices.
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Houlihan Lokey is ranked as the No. 1 M&A advisor for U.S. transactions under $3 billion, the No. 1 global restructuring advisor, and the No. 1 M&A fairness opinion advisor for U.S. transactions over the past 10 years, according to Thomson Reuters.
Dorsey Represents Houlihan Lokey, as Placement Agent to Hutchinson Technology
November 11, 2014