Medallia’s $575 Million Convertible Notes Offering

Davis Polk advised the representatives of the initial purchasers in connection with the offering.

Medallia, Inc. completed its offering of $575 million aggregate principal amount of its 0.125% convertible senior notes due 2025, which included $75 million aggregate principal amount of notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Headquartered in San Francisco, California, Medallia was founded in 2001 to help the world’s largest companies understand and improve customer experiences at scale. In doing so, it created a new category of enterprise software, experience management.

The Davis Polk corporate team advising BofA Securities, Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC and KeyBanc Capital Markets Inc., as representatives of the several initial purchasers, included partner Alan F. Denenberg (Picture), counsel Jeffrey Gould and associates Daniel Fox and Ganiatu Afolabi. The equity derivatives team included partner Mark M. Mendez and associates Joseph Luizzi, Lindsey B. Meyers-Perez and Yini Chen. Partner Lucy W. Farr provided tax advice. Partner Frank J. Azzopardi provided intellectual property advice.

Involved fees earner: Ganiatu Afolabi – Davis Polk & Wardwell; Frank Azzopardi – Davis Polk & Wardwell; Yini Chen – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Daniel Fox – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Joseph Luizzi – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell; Lindsey Meyers-Perez – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; KeyBanc Capital Markets; Wells Fargo Securities;

Author: Ambrogio Visconti