The 0% convertible senior notes are due 2029

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Datadog, Inc. of $1 billion aggregate principal amount of its 0% convertible senior notes due 2029 which includes the exercise in full by the initial purchasers of their option to purchase up to $130 million additional aggregate principal amount of notes. In addition, Davis Polk advised the counterparties to the capped call transactions in connection with the offering.

Headquartered in New York City, Datadog is the observability and security platform for cloud applications. Datadog’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, user experience monitoring, cloud security and many other capabilities to provide unified, real-time observability and security for its customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associate Dylan H. Lojac. The equity derivatives team included partners Yan Zhang and Derek Walters, counsel Justin Michael and Joseph Luizzi and associate Jonathan Schlecht. Partner Frank J. Azzopardi provided intellectual property advice. Counsel Alon Gurfinkel and associate William Liang provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

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