Magnite’s $400 Million Convertible Senior Notes Offering

Cravath represented the initial purchasers in the offering.

Magnite executed its $400 million 144A/Reg. S convertible senior notes offering. The transaction closed on March 18, 2021.

The Initial Purchasers included Goldman Sachs & Co. LLC, SG Americas Securities, LLC, SVB Leerink LLC and Fifth Third Securities, Inc.

Magnite, Inc., a technology solutions provider that automates the purchase and sale of digital advertising inventory.

The Cravath team advising the initial purchasers included partners Craig F. Arcella (Picture) and C. Daniel Haaren, senior attorney Elizabeth Albert and associates David Li, Ryan J. Wichtowski and Ddang P. Kim on capital markets matters, associate David Crampton on executive compensation and benefits matters, and partner Kara L. Mungovan and associates Leon B. Dalezman and Duncan H. Hardell on tax matters. Luke A. Martin also worked on capital markets matters.

Involved fees earner: Elizabeth Albert – Cravath Swaine & Moore; Craig Arcella – Cravath Swaine & Moore; David Crampton – Cravath Swaine & Moore; Leon Dalezman – Cravath Swaine & Moore; Daniel Haaren – Cravath Swaine & Moore; Duncan Hardell – Cravath Swaine & Moore; Ddang Kim – Cravath Swaine & Moore; David Li – Cravath Swaine & Moore; Luke Martin – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Ryan Wichtowski – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Fifth Third Securities, Inc.; Goldman Sachs & Co.; SG Americas Securities LLC; SVB Leerink LLC;

Author: Martina Bellini