Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Avid Technology, Inc.(“Avid”) of an aggregate principal amount of $125 million of its 2.00% convertible senior notes due 2020. 

In addition, Davis Polk advised the counterparty to a capped call transaction with Avid in connection with the convertible senior notes offering. 

Headquartered in Burlington, Massachusetts, Avid develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. Avid’s products are used in production and post-production facilities, film studios, network, affiliate, independent and cable television stations, recording studios, live-sound performance venues, advertising agencies, government and educational institutions, corporate communication departments and by independent video and audio creative professionals as well as aspiring professionals and enthusiasts.   

The Davis Polk capital markets team included partner Joseph A. Hall and associate Jeannette K. Safi. The equity derivatives team included partner Mark M. Mendez and associates Barry J. Gewolb, Robert Stewart and Won Lee. Partner Po Sit and associate J. David Connelly provided tax advice. Partner Frank J. Azzopardi and associates David R. Bauer and Fiona Finlay-Hunt provided intellectual property advice. All members of the Davis Polk team are based in the New York office.    

 

Copy link to share post