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Latham & Watkins Advises on Camtek’s US$175 Million Convertible Senior Notes Offering

November 19, 2021
Cross-border team represents initial purchasers in offering by leading Israeli manufacturer of metrology and inspection equipment.

Camtek Ltd. (Nasdaq: CAMT; TASE: CAMT), a leading manufacturer of metrology and inspection equipment for the semiconductor industry, has announced the pricing of US$175 million aggregate principal amount of 0% Convertible Senior Notes due 2026  in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.  The offering was upsized from the previously announced US$140 million aggregate principal amount of the Notes. In addition, Camtek has granted to the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional US$25 million aggregate principal amount of the Notes.

Latham & Watkins represented the initial purchasers in the offering with a capital markets team led by London partner Josh Kiernan, New York partner Reza Mojtabaee-Zamani, and counsel Michael Rosenberg, with associates Polina Tulupova, Roger Yarett, Ariel Robbins-Rothman, and Adam Deutsch. Advice was also provided on tax matters by New York partner Elena Romanova and associate Michael Syku; on IP matters by Boston partner Sarah Gagan and associate Deborah Hinck; and on regulatory matters by Washington, D.C. partners Eric Volkman, Joseph Bargnesi and counsel Marissa Boynton, with associates Jessie Michelin and Jimmy Smith.