Guidewire Software, Inc. $400 Million Convertible Senior Notes Offering and Concurrent $230 Million Common Stock Offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Guidewire Software, Inc. of $400 million aggregate principal amount of its 1.250% convertible senior notes due 2025. In addition, Davis Polk advised counterparties to capped call transactions in connection with the convertible senior notes offering.

BofA Merrill Lynch, Deutsche Bank Securities, Piper Jaffray, William Blair, KeyBanc Capital Markets, Stifel, JMP Securities, Goldman Sachs & Co. LLC, Citigroup and J.P. Morgan acted as joint book-running managers on the offering.

Davis Polk also advised the joint book-running managers in connection with Guidewire’s concurrent $230 million SEC-registered offering of 2,628,571 shares of its common stock.

Guidewire is a provider of software products and subscriptions for the global property and casualty industry.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture), counsel Jason Bassetti and associates Andrew Basham and Stephanie Y. Cheng. The equity derivatives team included partner Mark M. Mendez and associates Won Lee and Divon Rathgeber. The tax team included partner Rachel D. Kleinberg. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice.

Involved fees earner: Alan Denenberg – Davis Polk & Wardwell; Jason Bassetti – Davis Polk & Wardwell; Andrew Basham – Davis Polk & Wardwell; Stephanie Cheng – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell; Won Lee – Davis Polk & Wardwell; Divon Rathgeber – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Michelle Ontiveros Gross – Davis Polk & Wardwell; Jason Bang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Deutsche Bank Securities; Goldman, Sachs & Co.; JP Morgan; Piper Jaffray & Co; JMP Securities LLC; Stifel Financial Corp.; William Blair & Company, L.L.C.; KeyBanc Capital Markets;


Author: Ambrogio Visconti