Alteryx’ $800 Million Convertible Senior Notes Offering

Fenwick & West represented Alteryx in the transaction.

Alteryx, Inc. (NYSE: AYX) is a leading provider of self-service data analytics software.

The Company closed a private offering of $800M convertible senior notes to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.

The offering included an offering of $400 million aggregate principal amount of 0.50% convertible senior notes due 2024 and an offering $400 million aggregate principal amount of 1.00% convertible senior notes due 2026.

Alteryx intends to use the remainder of the aggregate net proceeds from the offering for general corporate purposes, which may include investments, acquisitions, or other strategic transactions. However, Alteryx has not designated any specific uses and has no current agreements or commitments with respect to any material investment, acquisition, or strategic transaction.

Fenwick represented Alteryx with a team led by corporate partners Michael Brown (Picture), Ran Ben-Tzur and David Michaels, and associates Julia Forbess, Alice Lin, and Ben Toussant; and tax partner William Skinner and associate Marianne Tassone.

Involved fees earner: Ran Ben-Tzur – Fenwick & West LLP; Michael Brown – Fenwick & West LLP; Julia Forbess – Fenwick & West LLP; Alice Lin – Fenwick & West LLP; David Michaels – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Marianne Tassone – Fenwick & West LLP; Benjamin Toussant – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Alteryx Inc.;

Author: Ambrogio Visconti