The 0.50% convertible senior notes are due 2029

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Nutanix, Inc. of $862.5 million aggregate principal amount of its 0.50% convertible senior notes due 2029, which included $112.5 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. Nutanix intends to use the proceeds from the convertible senior notes offering to repurchase a portion of its outstanding 0.25% convertible senior notes due 2027, repurchase shares of its common stock and for general corporate purpose.

Nutanix, Inc. is a global leader in cloud software, offering organizations a single platform for running applications and managing data. It pioneered hyperconverged infrastructure that integrates compute, storage and networking into a single, easy-to-use, software-defined data center platform. Nutanix Cloud Platform delivers a rich set of software products, solutions and services and can handle a wide variety of workloads.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Dana Lueck-Mammen, Sunny Xu, Yan Zhan and Shiqi Xiao. The tax team included partner Aliza Slansky and associates Tyler Scheiner and Georgianna Eck. Partner David R. Bauer and associate Shreya R. Kundur provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

Copy link to share post