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Latham & Watkins Advises Initial Purchasers in NICE Ltd.’s US$400 Million Convertible Senior Notes Offering

August 25, 2020
Cross-border team represented the initial purchasers in the offering by the leading provider of both cloud and on-premises enterprise software solutions.

NICE Ltd., a leading provider of both cloud and on-premises enterprise software solutions, has announced the pricing of its previously announced offering of US$400 million aggregate principal amount of 0% Convertible Senior Notes due 2025 in a private placement under the Securities Act. NICE also granted to the initial purchasers of the Convertible Notes an option to purchase up to an additional US$60 million aggregate principal amount of the Convertible Notes within a 13-day period beginning on, and including, the initial closing date. The offering of the Convertible Notes is expected to close on August 27, 2020, subject to customary closing conditions.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by London partner Joshua Kiernan and New York partner Nathan Ajiashvili, with associates Zo Khalid, Sofia Sitterson, and Matt Schlanger. Advice was also provided on convertible debt matters by New York partner Reza Mojtabaee-Zamani, with associates Polina Tulupova and Shawn Noh.