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Latham & Watkins Advises Fiverr International Ltd. in US$460 Million Private Convertible Senior Notes Offering

October 19, 2020
Cross-border team represented the Israel-headquartered online platform that connects businesses with freelancers.

Fiverr International Ltd. (Fiverr), has closed its offering of US$400 million aggregate principal amount of 0% Convertible Senior Notes due 2025 (the Notes) in a private offering (the Offering) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. In connection with the Offering, Fiverr granted the initial purchasers of the Notes an option to purchase up to an additional US$60 million aggregate principal amount of the Notes, which was exercised in full and settled concurrently with the closing of the Offering.

Latham & Watkins LLP represented Fiverr in the offering with a capital markets team led by New York partners Marc Jaffe, Ian Schuman, and Adam Gelardi and London partner Joshua Kiernan, with London associate Jennifer Gascoyne and New York associates Andrew Weitzel and Matt Schlanger. Advice was also provided on convertible debt matters by New York partner Reza Mojtabaee-Zamani, with New York associates Marc Langer and Jack Neff; and on tax matters by New York partner Elena Romanova, with New York associate Ron Moore.