Citrix $750 Million Notes Offering and $750 Million Accelerated Share Repurchase

Davis Polk advised the representatives of the underwriters in connection with an SEC-registered offering by Citrix Systems, Inc. of $750 million aggregate principal amount of its 4.500% senior notes due 2027. 

In addition, Davis Polk advised a leading financial institution in connection with a fixed-dollar, uncollared accelerated share repurchase transaction entered into between the financial institution and Citrix, pursuant to which Citrix is repurchasing $750 million of its common stock.

Headquartered in Fort Lauderdale, Florida, Citrix aims to power a world where people, organizations and things are securely connected and accessible to make the extraordinary possible. Citrix helps customers reimagine the future of work by providing the most comprehensive secure digital workspace that unifies the apps, data and services people need to be productive and simplifies IT’s ability to adopt and manage complex cloud environments. 

The Davis Polk corporate team included partner Alan F. Denenberg and associates Connie Y. Lam and Xin (Anita) Guo. The equity derivatives team included partner Mark M. Mendez and associate Barry J. Gewolb. Partner Rachel D. Kleinberg and associate Catherine L. Chu provided tax advice. The intellectual property and technology team included counsel Michelle Ontiveros Gross and associate Jason J. Bang. Members of the Davis Polk team are based in the Northern California and New York offices.