Cleary Gottlieb Advised GlobalFoundries Inc. And Mubadala Technology Investment Company On $840 Million Secondary Public Offering And $300 Million Share Repurchase

Cleary Gottlieb advised GlobalFoundries Inc. and Mubadala Technology Investment Company on $840 million secondary public offering and $300 million share repurchase

The premier international law firm, Cleary Gottlieb is representing GlobalFoundries Inc., as issuer, and Mubadala Technology Investment Company, as selling shareholder, in a secondary public offering of $840 million GlobalFoundries ordinary shares along with an approximately $300 million share repurchase. The selling shareholder has also granted the underwriters an option to purchase up to an additional $126 million ordinary shares.

The selling shareholder, a wholly owned subsidiary of Mubadala Investment Company PJSC, is the largest shareholder of GlobalFoundries. All of the shares are being offered by the selling shareholder, and GlobalFoundries will not receive any proceeds from the offering. GlobalFoundries has agreed to repurchase approximately $300 million of the shares at a price per share equal to the price paid by the underwriters.

The offering was priced on March 11, 2026, and is expected to close on March 13, 2026, subject to customary closing conditions. J.P. Morgan and Morgan Stanley are acting as bookrunning managers for the offering.

The Cleary Gottlieb transaction team was led by Adam Fleisher (Partner), Shuangjun Wang (Partner), and Mohamed Taha (Partner), with support from Rawad Abou Jaoude (Associate), Katherine Hebb (Associate), Dylan Sanders (Associate), Omelebele (Bele) Edeoga (Associate), Kay Hechaime (Associate), and Crystal Lee (Law Clerk); The tax aspects were handled by Matthew Brigham (Partner) and Samuel Kramer (Associate), with support from Jiyoung (Reina) Kim (Law Clerk); On sanctions and trade controls, the team included Samuel Chang (Partner), Catherine Johnson (Associate), and Alexi Stocker (Associate); Cybersecurity and data privacy matters were advised by Jaehwan Park (Associate) and Francesca Huth (Associate).; Environmental matters were handled by Beau Sterling (Partner) and Madison Bush (Associate); UK regulatory matters were advised by Annie Cowell (Associate); Investment Company Act matters were handled by Ben Rosenblum (Associate), with support from Nicholas Gekakis (Law Clerk).

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