The convertible notes are due 2029

Davis Polk advised the representatives of the initial purchasers in a Rule 144A offering by Holdings, Inc. of $500 million aggregate principal amount of 2.25% convertible senior notes due 2029, including $75 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes. Holdings’ common stock is listed on the Nasdaq Global Select Market under the symbol “ALRM.” In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering. is a leading platform for the intelligently connected property. Millions of consumers and businesses depend on’s technology to manage and control their property from anywhere. Its platform integrates with a growing variety of internet of things (IoT) devices through its apps and interfaces. Its security, video, access control, intelligent automation, energy management and wellness solutions are available through its network of thousands of professional service providers in North America and around the globe.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Soo Kyung Chae and Sierra M. Acosta. The Davis Polk equity derivatives team included partners Mark M. Mendez and Mark J. DiFiore, counsel Katharine O’Banion and Hanbing Zhang and associates Jonathan Schlecht and Ji Hwan Kim. Counsel Aliza Slansky provided tax advice. All members of the Davis Polk team are based in the New York office.