BigCommerce’s $300 Million Convertible Senior Notes Offering

Latham & Watkins represented BigCommerce in the offering.

BigCommerce Holdings, Inc., a leading Open SaaS ecommerce platform for fast-growing and established brands, executed its offering of US$300,000,000 aggregate principal amount of 0.25% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. BigCommerce also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$45,000,000 principal amount of notes.

Latham & Watkins represented BigCommerce in the offering with a corporate deal team led by Austin partner Samer Zabaneh (Picture) and New York/Los Angeles partner Greg Rodgers, with Austin associate Samuel Rettew and Los Angeles associate Celia Lown. Advice was also provided on convertible notes matters by Los Angeles partner Arash Aminian Baghai, with New York associate Ryan Gold; on equity derivatives matters by New York partner Catherine Lee, with New York associates Eric Rice and Hera Liao; and on tax matters by New York partners Elena Romanova and Bora Bozkurt, with London associate Ted Gkoo.

Involved fees earner: Arash Aminian Baghai – Latham & Watkins; Bora Bozkurt – Latham & Watkins; Ted Gkoo – Latham & Watkins; Ryan Gold – Latham & Watkins; Catherine Lee – Latham & Watkins; Hange Liao – Latham & Watkins; Celia Lown – Latham & Watkins; Samuel Rettew – Latham & Watkins; Eric Rice – Latham & Watkins; Gregory Rodgers – Latham & Watkins; Elena Romanova – Latham & Watkins; Samer Zabaneh – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: BigCommerce;

Author: Martina Bellini