Davis Polk acted as special product counsel to the representatives of the initial purchasers in connection with a Rule 144A offering by Five9, Inc. of an aggregate principal amount of $650 million of its 0.500% convertible senior notes due 2025. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering and amendments to existing capped call transactions previously entered into with Five9, Inc.

Headquartered in San Ramon, California, Five9, Inc. is a leading provider of cloud contact center software for the intelligent contact center space.

The Davis Polk corporate team included partner Alan F. Denenberg and counsel Jason Bassetti. The equity derivatives team included partner Mark M. Mendez and associate Sumeet Sanjeev Shroff. The tax team included partner Michael Farber and associate Rebecca A. Rosen. Members of the Davis Polk team are based in the Northern California and New York offices.

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