Pluralsight’s Follow-On Offering and $633 Million Convertible Notes Offering


Wilson Sonsini Goodrich & Rosati advised Pluralsight on the transaction

Pluralsight, a leading enterprise technology skills platform that delivers a unified, end-to-end learning experience for businesses across the globe, closed an underwritten public offering of 13,558,464 shares of its Class A common stock by certain selling stockholders at a public offering price of $29.25 per share. The selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 2,033,770 shares of Class A common stock.

In addition, also on March 11, the company closed an offering of $633.5 million aggregate principal amount of 0.375 percent convertible senior notes due 2024 in a private placement to qualified institutional buyers, which includes the exercise in full of the option granted to the initial purchasers to purchase an additional $83.5 million aggregate principal amount of notes. The aggregate principal amount of the offering was increased from the previously announced offering size of $450 million. The sale of the notes to the initial purchasers is expected to result in net proceeds to Pluralsight of approximately $616.7 million.

Wilson Sonsini Goodrich & Rosati advised Pluralsight with a team including Rezwan Pavri (Picture), Allison Spinner, Adam Bloom, Lang Liu, Shira Oyserman, Michael Moesel, Tetiana Poudel (Capital Markets), Erik Franks, Angela Xu, Arjun Adusumilli (Capital Market), Eileen Marshall, Jonathan Zhu,

Derek Wallace and Tim Shapiro (Tax).

Involved fees earner: Adam Bloom – Wilson Sonsini Goodrich & Rosati; Erik Franks – Wilson Sonsini Goodrich & Rosati; Lang Liu – Wilson Sonsini Goodrich & Rosati; Eileen Marshall – Wilson Sonsini Goodrich & Rosati; Mike Moesel – Wilson Sonsini Goodrich & Rosati; Shira Oyserman – Wilson Sonsini Goodrich & Rosati; Rezwan Pavri – Wilson Sonsini Goodrich & Rosati; Tetiana Poudel – Wilson Sonsini Goodrich & Rosati; Timothy Shapiro – Wilson Sonsini Goodrich & Rosati; Allison Spinner – Wilson Sonsini Goodrich & Rosati; Angela Xu – Wilson Sonsini Goodrich & Rosati; Jonathan Zhu – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Pluralsight Inc.;

Author: Ambrogio Visconti