TechTarget’s $201.25 Million Convertible Senior Notes Offering


Simpson Thacher represented the initial purchasers in the offering.

TechTarget executed the offering of $201.25 million aggregate principal amount of 0.125% Convertible Senior Notes due 2025, which includes the full exercise of the initial purchasers’ option to purchase additional Notes.

TechTarget, Inc. intends to use the proceeds to fund the cash consideration payable for, and certain costs associated with, its acquisition of BrightTalk Limited, to fund an additional acquisition with which TechTarget has entered into a non-binding letter of intent and the remainder (including, if either acquisition is not completed) for general corporate purposes.

TechTarget, Inc. is a global leader in purchase intent-driven marketing and sales services that deliver business impact for enterprise technology companies.

The Simpson Thacher team advising the initial purchasers, led by J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., included Roxane Reardon (Picture), Lia Toback, Ashley Yoon and Della Fok (Capital Markets); Patrick Ryan, Matthew Farrell and Michael Brennan (Banking and Credit); Marcy Geller, Edward Grais and Scott Grundei (Tax); Michael Isby (Environmental); Jeanne Annarumma (ERISA); Corina McIntyre (IP); and Andrew Pagliughi (Blue Sky).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Michael Brennan – Simpson Thacher & Bartlett; Matthew Farrell – Simpson Thacher & Bartlett; Della Fok – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett; Patrick Ryan – Simpson Thacher & Bartlett; Lia Toback – Simpson Thacher & Bartlett; Ashley Sunha Yoon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Deutsche Bank Securities; J.P. Morgan Securities LLC;

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Author: Ambrogio Visconti