Bandwidth’s $250 Million Convertible Senior Notes Offering

Davis Polk advised representatives of the several initial purchasers in the offering.

Bandwidth Inc. executed its offering of $250 million aggregate principal amount of its 0.50% convertible senior notes due 2028.

Based in Raleigh, North Carolina, Bandwidth is a cloud-based communications platform for enterprises. Its solutions include a broad range of software application programming interfaces for voice and text functionality and an owned and managed, purpose-built Internet protocol voice network, one of the largest in the nation.

The Davis Polk corporate team advising Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the initial purchasers, included partner Richard D. Truesdell Jr. (Picture), counsel Radoslaw Michalak and associate Summer Xia. The equity derivatives team included partner Derek Walters and associate Lindsey B. Meyers-Perez. The tax team included partner Po Sit and associate Ben Levenback. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Jay Frankel.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Lindsey Meyers-Perez – Davis Polk & Wardwell; Radoslaw Michalak – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Derek Walters – Davis Polk & Wardwell; Summer Xia – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: J.P. Morgan Securities LLC; Morgan Stanley;

Author: Martina Bellini