The 1.5% convertible notes are due 2030

Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A offering by Alkami Technology, Inc. of $345 million aggregate principal amount of its 1.50% convertible senior notes due 2030, which included the full exercise of the initial purchasers’ option to purchase an additional $45 million aggregate principal amount of the convertible senior notes. In addition, Davis Polk advised the counterparties to the capped call transactions entered into in connection with the offering.

Alkami is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly and build thriving digital communities. Alkami helps clients transform through retail and commercial banking, digital account opening, and data and marketing solutions. Alkami is headquartered in Plano, Texas.

The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Elsie Cheang and Jared Madnick. The equity derivatives team included partner Caitlin L. Wood and associate Richard Stockton Bullitt. The intellectual property team included partner Pritesh P. Shah and associate Shreya R. Kundur. Counsel Liang Zhang and associate Shmuel Dov Sussman provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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