Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Pure Storage, Inc. of $500 million aggregate principal amount of its 0.125% convertible senior notes due 2023. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Pure Storage, Inc.’s data solutions enable SaaS companies, cloud service providers and enterprise and public sector customers to deliver real-time, secure data to power their mission-critical production, DevOps and modern analytics environments in a multi-cloud environment.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Xin (Anita) Guo and Billie Solomon. The tax team included partner Rachel D. Kleinberg and associate James Manzione. Counsel Michelle Ontiveros Gross provided intellectual property and technology advice. The equity derivatives team included partner Mark M. Mendez and associates Mark J. DiFiore and Brent T. Duddie. Members of the Davis Polk team are based in the Northern California and New York offices.

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