Splunk Inc. $1.265 Billion Convertible Senior Notes Offering

Davis Polk advised the initial purchasers in a Rule 144A offering by Splunk Inc. of $1.265 billion aggregate principal amount of 1.125% convertible senior notes due 2027, including $165 million principal amount of convertible notes pursuant to the exercise of the initial purchasers’ option to purchase additional convertible notes. In addition, Davis Polk advised counterparties to capped call transactions in connection with the convertible notes offering. Splunk’s common stock is listed on the Nasdaq Global Select Market under the symbol “SPLK.”

Splunk provides innovative software solutions that ingest data from different sources including systems, devices and interactions and turn that data into meaningful business insights across the organization. Splunk’s Data-to-Everything platform enables users to investigate, monitor, analyze and act on data regardless of format or source. Splunk’s corporate headquarters are in San Francisco, California.

The Davis Polk corporate team included partner Sarah K. Solum and associates Bryan M. Quinn, Ali DeGolia and Sylvia Zaich. The Davis Polk equity derivatives team included partner John M. Brandow and associates Annie Li and Elizabeth Sheerin. Partner Po Sit provided tax advice. Partner Frank J. Azzopardi provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.