Five9, Inc. $258.75 Million Convertible Senior Notes Offering

Davis Polk acted as special product counsel to the representatives of the initial purchasers in connection with a Rule 144A offering by Five9, Inc. of an aggregate principal amount of $258.75 million of its 0.125% convertible senior notes due 2023. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Headquartered in San Ramon, California, Five9, Inc. is a provider of cloud contact center software for the digital enterprise.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Lucas Tejwani. The equity derivatives team included partner Mark M. Mendez and associate Katharine O’Banion. The tax team included partner Rachel D. Kleinberg and associate Elina Khodorkovsky. Members of the Davis Polk team are based in the Northern California and New York offices.