Davis Polk advised NICE Systems Inc., a wholly owned subsidiary of NICE Ltd., in connection with its offering of $287.5 million aggregate principal amount of its 1.25% exchangeable senior notes due 2024 to qualified institutional buyers pursuant to Rule 144A, which included $37.5 million aggregate principal amount of exchangeable senior notes issued pursuant to the exercise in full of the initial purchasers’ over-allotment option and NICE Systems’ and NICE’s entry into related exchangeable note hedge and warrant transactions, respectively. 

Headquartered in Israel, NICE is the worldwide leading provider of enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE’s solutions help the world’s largest organizations deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies, are using NICE’s solutions.

The Davis Polk corporate team included partner Michael Kaplan and associates Christopher M. Bezeg and Eileen Juyon Park. The Davis Polk team that advised on the exchangeable senior notes and the exchangeable note hedge and warrant transactions included partner Mark M. Mendez and associates Barry J. Gewolb, Katharine O’Banion, Joshua A. Foran and Won Lee. The tax team included partner Michael Farber and associate Catherine L. Chu. All members of the Davis Polk team are based in the New York office.

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