Press Releases & Announcements

01/24/2013

Cooley Represents Brocade in $300 Million 4.625 % Senior Notes Offering

San Francisco, Calif. – January 24, 2013 – Cooley LLP announced today that it represented Brocade Communications Systems, Inc. in its offering of $300 million aggregate principal amount of 4.625% Senior Notes due 2023. The notes are Brocade's senior, unsecured obligations, and interest on the notes is payable semi-annually in cash at a rate of 4.625% per annum beginning July 15, 2013. The Company will use the proceeds of the financing, together with cash on hand, to redeem all of its outstanding 6.625% senior secured notes due 2018.  

The Cooley team that advised Brocade was led by partners Gian-Michele a Marca, Mike Tollini and Nancy Wojtas, and included special counsel Andrea Bromfeld; associates Damien Grierson, Jason Savich, Paul Bozzello, Amanda Morse and Jennifer Baer; and senior paralegal Chris Rhem. Credit finance partner Francis Wheeler provided consultation.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

View the company press release here.

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