CSG Systems International $425 million convertible senior notes offering
The 3.875% convertible notes are due 2028
Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by CSG Systems International, Inc. of $425 million aggregate principal amount of its 3.875% convertible senior notes due 2028, which included the full exercise of the initial purchasers’ option to purchase an additional $50 million aggregate principal amount of the convertible senior notes. In addition, Davis Polk advised the counterparties to the capped call transactions entered into by CSG Systems in connection with the offering.
Headquartered in Englewood, Colorado, CSG Systems International, Inc. is a purpose-driven SaaS platform company that enables large enterprise customers in a wide variety of industry verticals to tackle the ever-growing complexity of business in the digital age. Its industry leading revenue management and digital monetization, customer experience and payments solutions make ordinary customer experiences extraordinary.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Beth LeBow and Alex Moss. The equity derivatives team included partner Mark M. Mendez, counsel Katharine O’Banion and associate Alexander S. Pettingell. The intellectual property team included partner David R. Bauer and associate Alexis N. Wallace. Partner Lucy W. Farr and associate William Liang provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.