The Rule 144A offering involved 0.25% convertible notes due 2028

Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A offering by Etsy, Inc. of $1 billion aggregate principal amount of its 0.25% convertible senior notes due 2028. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Based in Brooklyn, New York, Etsy is a global marketplace for unique and creative goods, connecting millions of buyers and sellers from nearly every country in the world.

The Davis Polk corporate team included partner Stephen Salmon and associate Paula Gergen. The equity derivatives team included partner Mark M. Mendez, counsel Katharine O’Banion and associates Joseph Luizzi, Lindsey B. Meyers-Perez and Daniel Yu. tax team included partner Michael Farber. Partner Frank J. Azzopardi and associate Daniel P. Kearney provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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