Airbnb’s $2 Billion Convertible Senior Notes Offering

Latham & Watkins LLP represented Airbnb in the offering.

Airbnb, Inc. executed its offering of US$2 billion aggregate principal amount of 0% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. 

Airbnb is a community based on connection and belonging—a community that was born in 2008 when two hosts welcomed three guests to their San Francisco home, and has since grown to 4 million hosts who have welcomed over 800 million guest arrivals to about 100,000 cities in almost every country and region across the globe.

Latham & Watkins LLP represented Airbnb in the offering with a corporate team led by Bay Area partner Tad Freese (Picture), New York partner Greg Rodgers, and Los Angeles partner Arash Aminian Baghai, with Bay Area associate Richard Kim, New York associate Ryan Gold, and Bay Area associate Raul Gonzalez. Advice was also provided on equity derivatives matters by New York partner Catherine Lee, with New York associates Eric Rice and Nick Gonzalez; and on tax matters by Bay Area partner Grace Lee and New York partner Elena Romanova, with Boston associate Jeremiah Cowen.

Involved fees earner: Arash Aminian Baghai – Latham & Watkins; Jeremiah Cowen – Latham & Watkins; Tad Freese – Latham & Watkins; Ryan Gold – Latham & Watkins; Raul Gonzalez – Latham & Watkins; Nicolas Gonzalez – Latham & Watkins; Richard Kim – Latham & Watkins; Grace Lee – Latham & Watkins; Catherine Lee – Latham & Watkins; Eric Rice – Latham & Watkins; Gregory Rodgers – Latham & Watkins; Elena Romanova – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Airbnb, Inc.;

Author: Martina Bellini