Eventbrite, Inc., a global self-service ticketing and experience technology platform, has announced the pricing of its offering of US$130 million aggregate principal amount of 5% convertible senior notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offering size was increased from the previously announced offering size of US$115 million aggregate principal amount of notes. Eventbrite also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 30 days from, and including, the date the notes are first issued, up to an additional US$20 million principal amount of notes solely to cover overallotments, if any.
Latham & Watkins LLP represented Eventbrite in the offering with a corporate team led by Bay Area partner Kathleen Wells, New York partner Greg Rodgers, and Century City partner David Zaheer, with associates Richard Kim, Jessi Lim, Eduard Grigoryan, and Raul Gonzalez. Advice was also provided on equity derivative matters by New York partner Reza Mojtabaee-Zamani, with associate Marc Langer; and on tax matters by New York partner Elena Romanova, with associate Ron Moore.