8x8, Inc. $287.5 Million Convertible Senior Notes Offering

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A offering by 8x8, Inc. of $287.5 million aggregate principal amount of its 0.50% convertible senior notes due 2024. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

8x8, Inc. is a provider of enterprise cloud communications and offers cloud phone, collaboration, conferencing, contact center, data analytics and other services to business customers on a SaaS model to help businesses get their employees, customers and applications more connected and productive worldwide.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Dylan Service and Kimberly Wang. The equity derivatives team included partner Mark M. Mendez and associate Katharine O’Banion. The tax team included partner Rachel D. Kleinberg and associate Tomislava Dragicevic. Associate Mikaela Dealissia provided intellectual property and technology advice. Associate Jennifer Wang provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.