Latham Advises Wix.com in US$1 Billion Upsized Private Offering of Convertible Senior Notes

Wix.com Ltd., the leading SaaS website builder platform, has announced the pricing of US$1 billion aggregate principal amount of 0.00% convertible senior notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering was upsized from the previously announced offering size of US$750 million aggregate principal amount of notes. In connection with the offering, Wix has granted the initial purchasers of the notes a 13-day option to purchase up to an additional US$150 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on September 11, 2025, subject to customary closing conditions.

Latham & Watkins advised Wix.com in the offering with a Capital Markets team led by London partner Josh Kiernan, Tel Aviv partner Gilad Zohari, New York partner Benjamin Cohen, New York partner Reza Mojtabaee-Zamani, Washington, D.C. partner Julia Thompson, New York counsel Polina Tulupova, and Washington, D.C. counsel Jonathan Drory, with associates Zoey Wu, Adam Picker, Daniel Weiss, Samantha Pannone, Haiying (Henry) Lin, and Enshuo (Adam) Zhang. Advice was provided on tax matters by New York partners Elena Romanova and Aaron Bernstein, with associate Fangyuan (Farrah) Yan.