The 7.75% convertible notes are due 2028

Davis Polk advised the financial adviser and placement agent in connection with privately negotiated subscription agreements by Fastly, Inc. of $150 million aggregate principal amount of its 7.75% convertible senior notes due 2028. Additionally, Fastly entered into separate, privately negotiated repurchase agreements with a limited number of holders of its existing 0.00% convertible senior notes due 2026.

Fastly’s powerful and programmable edge cloud platform helps the world’s top brands deliver online experiences that are fast, safe and engaging through edge compute, delivery, security and observability offerings that improve site performance, enhance security and empower innovation at global scale. Fastly is headquartered in San Francisco, California.

The Davis Polk corporate team included partner Alan F. Denenberg and associate Paula Gergen. Partner Aliza Slansky and associates William Liang and Carter Ballentine Allison provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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