The convertible notes are due 2030

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Xometry, Inc. of $250 million aggregate principal amount of its 0.75% convertible senior notes due 2030. The offering included $25 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

In connection with the offering, Xometry repurchased 220,994 shares of its Class A common stock and approximately $201.7 million in aggregate principal amount of its 1.00% convertible senior notes due 2027. Xometry’s common stock is listed on the Nasdaq Global Select Market under the symbol “XMTR.”

Xometry’s AI-powered marketplace, the widely used Thomasnet industrial sourcing platform, and its suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to get the instant pricing and lead times to create locally resilient supply chains.

The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Julia Molo and Kathryn Parsons. The equity derivatives team included partners Randall Derek Walters and Caitlin L. Wood, counsel Justin Michael and M. Faisal Baloch and associates Ji Hwan Kim and Alexander S. Pettingell. Members of the Davis Polk team are based in the Northern California and New York offices.

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