09 Dec 2025

Fastly $160 Million 0% Convertible Senior Notes Offering Due 2030

"Davis Polk advised the representatives of the several initial purchasers and the counterparties to the capped call transactions in a Rule 144A offering by Fastly, Inc. of $160 million aggregate principal amount of 0% convertible senior notes due 2030."

Davis Polk LLP advised the representatives of the several initial purchasers and the counterparties to the capped call transactions in connection with a Rule 144A offering by Fastly, Inc. The transaction consisted of a Rule 144A offering by Fastly, Inc. of $160 million aggregate principal amount of 0% convertible senior notes due 2030. Davis Polk also advised the counterparties to the capped call transactions entered into in connection with the offering. Fastly is a San Francisco–headquartered company whose edge cloud platform provides edge compute, delivery, security and observability services to help major brands deliver fast, safe and engaging online experiences, improve site performance, enhance security and support innovation at global scale. Davis Polk represented the representatives of the several initial purchasers and the counterparties to the capped call transactions with a team composed by: partners Alan F. Denenberg (Partner, Corporate) and Emily Roberts (Partner, Corporate); associates Sunny Xu (Associate, Corporate), Alexander Curtis (Associate, Corporate) and Matthew Kenney (Associate, Corporate); partner Caitlin L. Wood (Partner, Equity Derivatives) and Alexander S. Pettingell (Associate, Equity Derivatives); partner Pritesh P. Shah (Partner, Intellectual Property) and Francesca Masella (Associate, Intellectual Property); partner Aliza Slansky (Partner, Tax) and William Liang (Associate, Tax). Members of the Davis Polk team were based in the Northern California and New York offices.
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