The 0% convertible notes are due 2030

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Commvault Systems, Inc. of $900 million aggregate principal amount of its 0% convertible senior notes due 2030, which included the full exercise of the initial purchasers’ option to purchase an additional $115 million aggregate principal amount of the convertible senior notes. In addition, Davis Polk advised the counterparties to the capped call transactions entered into by Commvault Systems in connection with the offering.

Headquartered in Tinton Falls, New Jersey, Commvault Systems helps customers be resilient against outages and cyberattacks, including ransomware, by protecting and rapidly recovering their data and cloud-native applications. Commvault provides products and services across many types of environments, including on-premises, hybrid, multi-cloud and SaaS.

The Davis Polk capital markets team included partner Roshni Banker Cariello and associates Lucas Pignaton Fenyves and Nicole (Nikki) Williams. The equity derivatives team included partners Mark M. Mendez, Mark J. DiFiore and Caitlin L. Wood, counsel Justin Michael and associates Alexander S. Pettingell, Melissa X. Estrada and Tashanique (Tasha) Brown. Members of the Davis Polk team are based in the New York and São Paulo offices.

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