We advised the initial purchasers on the offering

Davis Polk advised the representatives of the initial purchasers in a Rule 144A offering by Dynatrace LLC of $1.4375 billion aggregate principal amount of 0.00% exchangeable senior notes due 2031, including $187.5 million principal amount of exchangeable notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional exchangeable notes. In addition, Davis Polk advised counterparties to exchangeable note hedge and warrant transactions in connection with the exchangeable notes offering.

Dynatrace is advancing observability for today’s digital businesses, helping to transform the complexity of modern digital ecosystems into powerful business assets. By leveraging AI-powered insights, Dynatrace enables organizations to analyze, automate and innovate faster to drive their business forward.

The Davis Polk corporate team included partner Roshni Banker Cariello, counsel Jenna M. Godfrey and associate Monica Rodriguez. The equity derivatives team included partner Mark J. DiFiore, counsel Gregory E. Marchesini and Katharine O’Banion and associates Danielle Forni and Selena (Zhijun) Fu. Partner Aliza Slansky provided tax advice. Partner Matthew J. Bacal provided intellectual property advice. Members of the Davis Polk team are based in the New York, Washington DC and London offices.

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