The 1.25% convertible notes are due 2029 

Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A offering by Guidewire Software, Inc. of $690 million aggregate principal amount of its 1.25% convertible senior notes due 2029, which included the full exercise of the initial purchasers’ option to purchase an additional $90 million aggregate principal amount of the convertible senior notes. In addition, Davis Polk advised the counterparties to the capped call transactions entered into in connection with the offering.

Guidewire is a platform that property and casualty insurers trust to engage, innovate, and grow efficiently, with core systems leveraging data and analytics, digital, and artificial intelligence. More than 570 insurance brands in 42 countries rely on Guidewire products.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Paula Gergen and Erica F. Buonanno. The equity derivatives team included partner Mark M. Mendez and counsel Hanbing Zhang. The intellectual property team included partner Pritesh P. Shah, associates Jordan Khorshad and Shreya R. Kundur. Partner Lucy W. Farr and associate Michelle Zhao provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.

Copy link to share post