Wix.com Ltd. $575 Million Convertible Senior Notes Offering

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Wix.com Ltd. of $575 million aggregate principal amount of its 0% convertible senior notes due 2025 (which includes $75 million principal amount of convertible senior notes from the full exercise of the initial purchasers’ over-allotment option). In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Based in Tel Aviv, Israel, Wix is a leading global web development platform that empowers businesses and organizations to take their businesses, brands and workflow online.

The Davis Polk corporate team included partners Roshni Banker Cariello and Maurice Blanco and associate Gil Savir. The equity derivatives team included partners Mark M. Mendez and Mark J. DiFiore and associates Hanbing Zhang, Annie Li, Danielle Forni and Yini Chen. The tax team included partner Michael Farber. Partner Frank J. Azzopardi provided intellectual property advice. All members of the Davis Polk team are based in the New York office.