Davis Polk advised GAIN Capital Holdings, Inc. on a Rule 144A offering of $92 million aggregate principal amount of its 5.00% convertible senior notes due 2022, which included $12 million aggregate principal amount of notes sold pursuant to the initial purchasers’ fully exercised over-allotment option. 

GAIN Capital is a global provider of trading services and solutions, specializing in over-the-counter and exchange-traded markets. Founded in 1999, GAIN Capital has customers in more than 180 countries worldwide and conducts business from its offices in New Jersey, Illinois, Ohio, England, Japan, Australia, China, Bermuda, Hong Kong, Dubai and Singapore.

The Davis Polk corporate team included partner Joseph A. Hall and associates Jeannette K. Safi and Joshua S. Sills. The derivatives team included partner Mark M. Mendez and associates Barry J. Gewolb and Joseph Luizzi. The tax team included partner Rachel D. Kleinberg and associate Christopher A. Baratta. Counsel Sarah E. Kim and associate Zixuan (Jennifer) Wang provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Northern California offices. 

Copy link to share post