Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as representatives of the initial purchasers in connection with a Rule 144A offering by Euronet Worldwide, Inc. of an aggregate principal amount of $402.5 million of 1.5% convertible senior notes due 2044, which included $52.5 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ over-allotment option.
Euronet is a leading electronic payments provider, offering payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Their primary product offerings include comprehensive automated teller machine, point-of-sale, card outsourcing, card issuing and merchant acquiring services, software solutions, electronic distribution of prepaid mobile airtime and other electronic payment products; and global consumer money transfer services. The company conducts business globally, serving customers in approximately 155 countries.
The Davis Polk capital markets team included partner Michael Kaplan and associates Alain Kuyumjian, Felipe Duque and Eric Xiyu Li. The Davis Polk equity derivatives team included partner John M. Brandow and associates Robert Stewart and Erica B. Richey. Partner Lucy W. Farr and associate Dao Fu provided tax advice. All members of the Davis Polk team are based in the New York office.