Elastic’s $575 Million Senior Notes Offering

Davis Polk advised the representative of the initial purchasers the offering.

Elastic N.V. executed its debt offering of $575 million aggregate principal amount of its 4.125% senior notes due 2029.

Elastic makes the power of search – the ability to instantly find relevant information and insights from large amounts of data – available for a diverse set of applications and use cases. Elastic created the Elastic Stack, a powerful set of software products that ingest and store data from any source, and in any format, and perform search, analysis and visualization in milliseconds or less.

The Davis Polk capital markets team advised J.P. Morgan Securities LLC, as representative of the several initial purchasers, with partner Alan F. Denenberg (Picture), counsel Jeffrey Gould and Bryan M. Quinn and associate Alex DeGroat. The tax team included counsel Kiara L. Rankin and associate Dov Sussman. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Alison T. Chin. Associate Matthew R. Silver provided 1940 Act advice. 

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Alison Chin – Davis Polk & Wardwell; Alex DeGroat – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Bryan Quinn – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Matthew Silver – Davis Polk & Wardwell; Dov Sussman – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: J.P. Morgan Securities LLC;

Author: Martina Bellini