We advised the initial purchasers on the Rule 144A offering and advised counterparties to related capped call transactions

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by DocuSign, Inc. of $690 million aggregate principal amount of 0% convertible senior notes due 2024, including $90 million principal amount of convertible notes pursuant to the exercise of the initial purchasers’ option to purchase additional convertible notes. In addition, Davis Polk advised counterparties to capped call transactions in connection with the convertible notes offering. DocuSign’s common stock is listed on the Nasdaq Global Select Market under the symbol “DOCU.”

DocuSign accelerates the process of doing business for companies and simplifies life for their customers and employees by transforming the foundational element of business: the agreement. As the core part of its broader platform for automating the agreement process, DocuSign offers the world’s #1 e-signature solution. DocuSign’s corporate headquarters are in San Francisco, California.

The Davis Polk corporate team included partner Alan F. Denenberg. The equity derivatives team included partner John M. Brandow, counsel Katharine O’Banion and associates Annie Li and Danielle Forni. Partner Po Sit and associate Ben Levenback provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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