Latham & Watkins Advises Airbnb in US$2 Billion Convertible Senior Notes Offering

Airbnb, Inc. has announced the pricing of its offering of US$2 billion aggregate principal amount of 0% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The issuance and sale of the notes are scheduled to settle on March 8, 2021, subject to customary closing conditions.

Latham & Watkins LLP represents Airbnb in the offering with a corporate team led by Bay Area partner Tad Freese, New York partner Greg Rodgers, and Los Angeles partner Arash Aminian Baghai, with Bay Area associate Richard Kim, New York associate Ryan Gold, and Bay Area associate Raul Gonzalez. Advice was also provided on equity derivatives matters by New York partner Catherine Lee, with New York associates Eric Rice and Nick Gonzalez; and on tax matters by Bay Area partner Grace Lee and New York partner Elena Romanova, with Boston associate Jeremiah Cowen.