A driver circuit. In one embodiment, the driver circuit includes a plurality of pull-up circuits and a plurality of pull-down circuits. The driver circuit also includes control logic that is coupled to activate/deactivate the pull-up and pull-down circuits. The driver circuit may perform emphasized signal transmissions having a voltage swing of a first magnitude or de-emphasized signal transmissions having a voltage swing of a second magnitude, wherein the first magnitude is greater than the second magnitude. The control logic is further configured to activate and/or deactivate pull-up and/or pull-down circuits such that the driver circuit output impedance in the emphasized mode is substantially equal to the output impedance in the de-emphasized mode.