NEWS
Novatel Wireless Completes Private Offering
June 10, 2015
San Diego, CA – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Novatel Wireless, Inc., a leading provider of solutions for the Internet of Things (IoT) and inventors of MiFi® technology, in a private offering of $120 million aggregate principal amount of 5.50% Convertible Senior Notes due 2020.
Novatel intends to use the net proceeds from the offering to finance proposed acquisitions of, or investments in, complementary businesses, products, services and technologies, including its potential acquisition of DigiCore Holdings Limited, and for general corporate purposes.
Corporate partner Teri O’Brien led the Paul Hastings team, which also included Corporate partner Michael Chernick, Tax partner Alexander Lee, senior associates Melissa Garcia and Stewart Moran and associates Melissa Sampson, Caleb Greig, Jean Lee and Amy Lawrence.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.
Practice Areas
Securities and Capital Markets
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Becca Hatton