Davis Polk advised Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as representatives of the initial purchasers in connection with a Rule 144A offering by Twitter, Inc. of an aggregate principal amount of $900 million of its 0.25% convertible senior notes due 2019 and $900 million of its 1.00% convertible senior notes due 2021. In addition, Davis Polk advised Deutsche Bank AG, London Branch, Goldman, Sachs & Co. and JPMorgan Chase Bank, National Association, London Branch as counterparties to convertible note hedge and warrant transactions in connection with the offering.
Headquartered in San Francisco, California, Twitter is a global platform for public self-expression and conversation in real time. Twitter provides a compelling and efficient way for people to stay informed about their interests, discover what is happening in their world right now and interact directly with each other.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Emily Roberts and Max Brunner. The Davis Polk equity derivatives team included partner James T. Rothwell and associates Katharine O’Banion and Erica B. Richey. The tax team included partner Rachel D. Kleinberg and associate Neetin Gulati. Members of the Davis Polk team are based in the Menlo Park and New York offices.