We advised the initial purchasers on the offering

Davis Polk advised the representative of the several initial purchasers in connection with a Rule 144A offering by Bandwidth Inc. of $316 million aggregate principal amount of its 0% convertible senior notes due 2032, which included $41 million aggregate principal amount of notes issued pursuant to the full exercise of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised the counterparties to capped call transactions in connection with the offering.

Based in Raleigh, North Carolina, Bandwidth is a cloud-based communications platform-as-a-service provider offering voice, messaging and emergency service solutions to enterprises globally.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associate Matt Weaver. The equity derivatives team included partner Mark J. DiFiore, counsel M. Faisal Baloch and Richard Stockton Bullitt and associates Erik Oakley and Zifeng Zeng. The tax team included partner Aliza Slansky and associate Yueyu Yang. The intellectual property team included partner Matthew J. Bacal. Members of the Davis Polk team are based in the New York and São Paulo offices.

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