Deal Details

GlobalFoundries Completes $840.0 Million Follow-On Offering

Technology & Services

GlobalFoundries follow-on offering

Summary

GlobalFoundries Inc. (“GlobalFoundries” or the “Company”) (NASDAQ: GFS) recently completed an underwritten public offering of the Company’s ordinary shares (the “Offering”). The aggregate size of the Offering was 20,000,000 shares at a price of $42.00 per share, generating gross proceeds of $840.0 million. The Offering consists entirely of secondary shares sold by Mubadala Technology Investment Company ("Mubadala" or the “Selling Shareholder”). The Selling Shareholder has granted underwriters a 30-day option to purchase an additional 3,000,000 of GlobalFoundries’ ordinary shares. GlobalFoundries will not receive any proceeds from the Offering.

GlobalFoundries agreed to concurrently repurchase from the underwriters $300.0 million of the Selling Shareholder’s shares that are subject to the Offering at a price per share equal to the public offering price.

Baird served as a co-manager on this Offering.

About

GlobalFoundries is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. The Company innovates and partners with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With its global manufacturing footprint spanning the U.S., Europe and Asia, GlobalFoundries is a trusted and reliable source for customers around the world. Every day, the Company’s talented, global team delivers results with an unwavering focus on security, longevity and sustainability. GlobalFoundries is headquartered in Malta, New York.

Mubadala is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala’s US$330 billion (AED 1,212 billion) portfolio spans six continents with interests in multiple sectors and asset classes. Mubadala is headquartered in Abu Dhabi, United Arab Emirates.

Technology & Services

GlobalFoundries follow-on offering