DocuSign’s $500 Million Credit Facility

Fenwick & West LLP advised DocuSign, while Davis Polk advised the administrative agent and a lender on the deal.

DocuSign (NASDAQ: DOCU), a company that helps organizations connect and automate how they prepare, sign, act on and manage agreements, announced its $500 million, five-year senior secured revolving credit facility. The facility, which closed on January 11, 2015, carries an accordion feature allowing for an additional $250 million of capacity, subject to customary terms and conditions.

The Fenwick transaction team included corporate partners David Bell (Picture), David Michaels, Eric Shedlosky and Katherine Duncan; associate Nikhil Sharma; and law clerks Peter Li and Grace Fernandez.

Davis Polk advised Bank of America, the administrative agent and a lender, with a finance team including partner Monica Holland and associates William Son and Eric Y. Cheng. Counsel Kiara L. Rankin and associate Talya Presser provided tax advice. Counsel Daniel F. Forester and associate Chelsea Renter provided intellectual property advice. Counsel Will Schisa and associate Charles Klug provided sanctions advice. Counsel David A. Zilberberg provided environmental advice. Counsel Charles Shi provided ERISA advice.

Involved fees earner: Eric Cheng – Davis Polk & Wardwell; Daniel Forester – Davis Polk & Wardwell; Monica Holland – Davis Polk & Wardwell; Charles Klug – Davis Polk & Wardwell; Talya Presser – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Chelsea Renter – Davis Polk & Wardwell; Will Schisa – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; William Son – Davis Polk & Wardwell; David Zilberberg – Davis Polk & Wardwell; David Bell – Fenwick & West LLP; Katherine Duncan – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Nikhil Sharma – Fenwick & West LLP; Eric Shedlosky – Fenwick & West LLP;

Law Firms: Davis Polk & Wardwell; Fenwick & West LLP;

Clients: Bank of America; DocuSign Inc;

Avatar

Author: Ambrogio Visconti