The convertible senior notes are due 2028

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Zscaler, Inc. of $1.725 billion aggregate principal amount of its 0.00% convertible senior notes due 2028, including $225 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes. In addition, Davis Polk advised the counterparties to capped call transactions entered into in connection with the offering.

Zscaler accelerates digital transformation so customers can be more agile, efficient, resilient and secure. The Zscaler Zero Trust Exchange platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices and applications in any location.

The Davis Polk corporate team included partners Alan F. Denenberg and Beth LeBow and associates Dana Lueck-Mammen and Ashley Jaworoski. The equity derivatives team included partners Mark M. Mendez, Mark J. DiFiore and Caitlin L. Wood, counsel Joseph Luizzi and associate Richard Stockton Bullitt. The tax team included partner Lucy W. Farr. Members of the Davis Polk team are based in the Northern California and New York offices.

Copy link to share post