Etsy $650 Million Convertible Senior Notes Offering
8/24/2020

Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Etsy, Inc. of $650 million aggregate principal amount of its 0.125% convertible senior notes due 2027. 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 millions of buyers and sellers from nearly every country in the world.

The Davis Polk corporate team included partner Stephen Salmon and associate Beth LeBow. The equity derivatives team included partner Mark M. Mendez and associates Joseph Luizzi, Stockton Bullitt, Lindsey B. Meyers-Perez and Ben Somogyi. The tax team included partner Michael Farber and associate Tomislava Dragicevic. Partner Frank J. Azzopardi provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.