Paul Hastings Advises Samsung Fine Chemicals and Samsung Electronics in Connection with SunEdison Semiconductor's IPO

March 25, 2014

Seoul (March 25, 2014) - Paul Hastings, a leading global law firm, announced today that it is representing Samsung Fine Chemicals and Samsung Electronics in their respective investments in SunEdison Semiconductor’s initial public offering (Nasdaq: SEMI) through concurrent private placement transactions.

Under the agreements, Samsung Fine Chemicals will invest up to US$100 million in the private placement, and Samsung Electronics will exchange its 20% equity interest in a Korean joint venture with SunEdison, MEMC Korea Company, for approximately 6% of the outstanding shares of SunEdison Semiconductor. Subject to regulatory approvals, the private placement transactions are expected to close concurrently with the initial public offering.

In addition to the complex, multiple concurrent transactions that have been negotiated simultaneously with SunEdison Semiconductor’s IPO preparation process, Samsung Fine Chemicals will sell a 35% equity interest in SMP Ltd., a solar-grade polysilicon joint venture between SunEdison and Samsung Fine Chemicals.

Samsung Fine Chemicals is a Samsung Group company and a producer of specialty chemicals used for construction additives, pharmaceutical coating materials and raw material for semiconductor developer.

The Paul Hastings team was led by partner Daniel Sae-Chin Kim and of counsel Woojae Kim, with support from partners Jeff Hartlin, Scott Hataway and Pierre Kirch; of counsel Keith Pisani; and associates Samantha Eldredge, Steve Kang and Young Hwan Ryu.

Paul Hastings 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.