Zynga $690 Million Convertible Senior Notes Offering

Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Zynga Inc. of $690 million aggregate principal amount of its 0.25% convertible senior notes due 2024, including $90 million aggregate principal amount of convertible senior notes pursuant to the exercise of the initial purchasers’ option to purchase additional securities. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Zynga is a leading provider of social game services. Zynga develops, markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites such as Facebook. Zynga is based in San Francisco, California.

The Davis Polk corporate team included partner Sarah K. Solum and associates Dongbiao Shen and Kimberly Wang. The equity derivatives team included partner John M. Brandow, counsel Justin Michael and associates Meaghan Kennedy and Crystal Chi. Partner Rachel D. Kleinberg provided tax advice. Partner Pritesh P. Shah and associate Mikaela Dealissia provided intellectual property and technology advice. Members of the Davis Polk team are based in the Northern California and New York offices.