NVIDIA – $5 Billion Investment Grade Bond Offering

Palo Alto – April 3, 2020 – Cooley advised NVIDIA on its $5 billion investment grade bond offering. The offering consisted of $1.5 billion aggregate principal amount of 2.85% notes due 2030, $1 billion aggregate principal amount of 3.5% notes due 2040, $2 billion aggregate principal amount of 3.5% notes due 2050 and $500 million aggregate principal amount of 3.7% notes due 2060.Goldman Sachs was the sole underwriter for the offering. Michael Tollini, Mischi a Marca, Jason Savich, Eric Jensen and John McKenna led the Cooley team advising NVIDIA. 

NVIDIA’s invention of the graphics processing unit in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI – the next era of computing – with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. NVIDIA trades on the Nasdaq Global Select Market under the symbol “NVDA.” 

Cooley formed NVIDIA in 1993 and has served as its principal outside corporate and litigation counsel for 27 years, advising on its IPO in 1999, multiple acquisitions and major litigations. 

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Related Contacts
Mischi a Marca Partner San Francisco
Eric Jensen Partner Palo Alto, San Francisco
Jason Savich Partner San Francisco
Michael Tollini Partner Washington, DC, New York
John McKenna Partner Palo Alto
Natalie Karam Associate Palo Alto
Rachel Lydon Associate Palo Alto
Greg Reith Associate Washington, DC
Milson Yu Associate Palo Alto
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