Fastly Raises $160 Million Through 0% Convertible Senior Notes Offering

Davis Polk advised Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, as the representatives of the several initial purchasers, and also advised the counterparties to the capped call transactions entered into in connection with Fastly, Inc.'s offering. The transaction was a Rule 144A offering by Fastly, Inc. of $160 million aggregate principal amount of its 0% convertible senior notes due 2030. The offering included related capped call transactions for which Davis Polk provided advice to the counterparties. Fastly’s powerful and programmable edge cloud platform helps the world’s top brands deliver online experiences that are fast, safe and engaging through edge compute, delivery, security and observability offerings that improve site performance, enhance security and empower innovation at global scale. Fastly is headquartered in San Francisco, California. Davis Polk represented Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC and the counterparties to the capped call transactions with a team composed by: partners Alan F. Denenberg and Emily Roberts and associates Sunny Xu, Alexander Curtis and Matthew Kenney (corporate); partner Caitlin L. Wood and associate Alexander S. Pettingell (equity derivatives); partner Pritesh P. Shah and associate Francesca Masella (intellectual property); partner Aliza Slansky (tax). Members of the Davis Polk team were based in the Northern California and New York offices.

Fastly Raises $160 Million Through 0% Convertible Senior Notes Offering

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