Workday, Inc. $1.15 Billion Convertible Senior Notes Offering

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Workday, Inc. of $1.15 billion aggregate principal amount of its 0.25% convertible senior notes due 2022. In addition, Davis Polk advised the counterparties to convertible note hedge and warrant transactions in connection with the offering. 

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources and delivers financial management, human capital management and analytics applications designed for the world’s largest companies, educational institutions and government agencies.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Dongbiao Shen. The equity derivatives team included partners John M. Brandow and Ray Ibrahim and associates Katharine O’Banion, Won Lee and Jenny Ge. The tax team included partner Rachel D. Kleinberg and associate Catherine L. Chu. Members of the Davis Polk team are based in the Northern California and New York offices.