Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Zynga Inc. of $874.5 million aggregate principal amount of its 0% convertible senior notes due 2026, including $112.5 million aggregate principal amount of convertible senior notes pursuant to the exercise of the initial purchasers’ option to purchase additional securities. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Zynga is a leading provider of social game services. Zynga develops, markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking platforms such as Facebook and Snapchat. Zynga is based in San Francisco, California.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Benson Richards and Dana Lueck-Mammen. The equity derivatives team included partner John M. Brandow, counsel Justin Michael and Katharine O’Banion and associates Stockton Bullitt, Yini Chen, Danielle Forni and Alex Yang. Members of the Davis Polk team are based in the Northern California and New York offices.