Etsy $650 Million Convertible Senior Notes Offering
Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Etsy, Inc. of $650 million aggregate principal amount of its 0.125% convertible senior notes due 2026. 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 partners Stephen Salmon and Sarah K. Solum and associates Josephine Chen and Blake Anderson. The equity derivatives team included partner Mark M. Mendez and associates Joseph Luizzi and Meaghan Kennedy. The tax team included partner Michael Farber and associate Christina L. Tacoronti. Partner Frank J. Azzopardi and associate Jennifer Leather provided intellectual property and technology advice. Members of the Davis Polk team are based in the Northern California and New York offices.