Davis Polk advised Morgan Stanley & Co. LLC as representative of the initial purchasers in connection with a Rule 144A offering by ServiceSource International, Inc. of an aggregate principal amount of $150 million of its 1.5% convertible senior notes due 2018. In addition, Davis Polk advised Deutsche Bank AG, London Branch, JPMorgan Chase Bank, National Association, Morgan Stanley & Co. International plc and Nomura Securities International, Inc. as counterparties to convertible note hedge and warrant transactions in connection with the offering.

Headquartered in San Francisco, California, ServiceSource International, Inc. is the global leader in recurring revenue management services. It partners with technology-enabled companies to optimize maintenance, support and subscription revenue streams via a cloud application and associated managed services.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Jeffrey Gould, Nicholas J. Dashman and Max Brunner. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Noah L. Wynkoop and Alex Kohen. The tax team included partner Lucy W. Farr and associate Catherine Paskoff Chang. The intellectual property team included associate Bruce Rose-Innes. Katie Young was the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.