Guidewire Software, Inc. $400 Million Convertible Senior Notes Offering and Concurrent $230 Million Common Stock Offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Guidewire Software, Inc. of $400 million aggregate principal amount of its 1.250% convertible senior notes due 2025. In addition, Davis Polk advised counterparties to capped call transactions in connection with the convertible senior notes offering.

Davis Polk also advised the joint book-running managers in connection with Guidewire’s concurrent $230 million SEC-registered offering of 2,628,571 shares of its common stock.

Guidewire is a provider of software products and subscriptions for the global property and casualty industry.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Andrew Basham and Stephanie Y. Cheng. The equity derivatives team included partner Mark M. Mendez and associates Won Lee and Divon Rathgeber. The tax team included partner Rachel D. Kleinberg. 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.