We advised the underwriters on the offering

Davis Polk advised the representatives of the underwriters on a registered offering by Axon Enterprise, Inc. of $1.15 billion aggregate principal amount of 0% convertible senior notes due 2031, which included $150 million principal amount of notes pursuant to the exercise in full of the underwriters’ option to purchase additional notes. In addition, Davis Polk advised counterparties to the convertible capped call transactions in connection with the convertible notes offering.

Axon is a technology leader in global public safety and is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Axon’s suite includes TASER energy devices, body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. Its growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, enterprises and consumers.

The Davis Polk capital markets team included partners Marcel Fausten and Stephen A. Byeff and associates Kanger Jin and David J. Kilduff. The equity derivatives team included partner Caitlin L. Wood, counsel Richard Stockton Bullitt and Joseph Luizzi and associates Selena (Zhijun) Fu and Zifeng Zeng. Partner Aliza Slansky provided tax advice. Members of the Davis Polk team are located in the New York and London offices.

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