Guidewire $1 billion Hyperexponential acquisition financing
We are advising the lead arrangers on the financing
Davis Polk is advising the joint lead arrangers and joint bookrunners, in connection with a $1 billion senior secured incremental term loan A facility to be provided to Guidewire Software, Inc. in connection with its acquisition of Hyperexponential Ltd.
Hyperexponential is a London-headquartered provider of AI-powered underwriting and pricing software for commercial property and casualty insurers.
Guidewire (NYSE: GWRE) is a leading software platform for the property and casualty insurance industry, providing the mission-critical systems insurers rely on to more than 570 insurers in 43 countries, with core systems leveraging data and analytics, digital and artificial intelligence.
The Davis Polk finance team includes partners Phoebe Jin and Scott M. Herrig, counsel Adela Troconis, Christina C. Bell and Randall (Randy) Dorf and associates Maggie Li, Gabrielle McLymont and Evan Goldman. The capital markets team includes partner John H. Runne. Members of the Davis Polk team are based in the New York and London offices.