Etsy $300 Million Convertible Senior Notes Offering

Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Etsy, Inc. of $300 million aggregate principal amount of its 0% convertible senior notes due 2023. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Based in Brooklyn, New York, Etsy is a global marketplace for unique and creative goods, connecting entrepreneurs with consumers looking for items made by real people.

The Davis Polk corporate team included partner Sarah K. Solum and associates Marcus K. Hintze and Josephine Chen. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Mark J. DiFiore and Won Lee. The tax team included partner Michael Farber. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. Members of the Davis Polk team are based in the Northern California and New York offices.