Coinbase Global, Inc., the cryptocurrency exchange platform, has announced the pricing of US$1.0 billion aggregate principal amount of its 3.375% Senior Notes due 2028 and US$1.0 billion aggregate principal amount of its 3.625% Senior Notes due 2031 in its previously announced private offering. The aggregate principal amount of the offering was increased from the previously announced offering size of US$1.5 billion due to market interest. The offering is expected to close on September 17, 2021, subject to satisfaction of customary closing conditions.
Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets team led by New York partners Marc Jaffe, Greg Rodgers, Senet Bischoff, and Benjamin Cohen and associates Brittany Ruiz, Jonathan Guest, Darby Dietrich, and Adam Weber. Advice was also provided on tax matters by New York partners Jiyeon Lee-Lim and Elena Romanova, with associate Sam Yang; and on regulatory matters by New York partner Stephen Wink and Chicago partners John Sikora and Eric Swibel, with associate Iris Xie.