Davis Polk advised the representatives of several initial purchasers in connection with a Rule 144A offering by Palo Alto Networks, Inc. of an aggregate principal amount of $1.5 billion of its 0.75% convertible senior notes due 2023. In addition, Davis Polk advised the counterparties to convertible note hedge and warrant transactions in connection with the offering.

Palo Alto Networks, Inc. has pioneered the next generation of security through its innovative security operating platform that empowers enterprises, service providers and government entities to secure their organizations by safely enabling applications and data running in their networks, on their endpoints, in the cloud and by preventing breaches that stem from targeted cyberattacks.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Xin (Anita) Guo and Benson Richards. The equity derivatives team included partner Mark J. DiFiore and associate Joseph Luizzi. Partner Rachel D. Kleinberg provided tax advice. The intellectual property and technology team included partner Frank J. Azzopardi and associate Jason J. Bang. Members of the Davis Polk team are based in the Northern California and New York offices.

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