Latham & Watkins Represents Fastly, Inc. in US$160 Million Convertible Senior Notes Offering

Fastly, Inc. (NYSE: FSLY) announced the pricing of its offering of US$160 million aggregate principal amount of 0% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The offering size was increased from the previously announced offering size of US$125 million aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on December 9, 2025, subject to customary closing conditions. Fastly also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$20 million aggregate principal amount of notes.

Latham & Watkins LLP represents Fastly, Inc. in the offering with a corporate team led by partners Seth Gottlieb, Greg Rodgers, and Richard Kim, with associates Ryan Gold, Raul Gonzalez-Casarrubias, Andrew Bentz, Chelsi DeTurk, and Helen Zhang and assistance from Isaac Gonzalez. Advice was also provided on tax matters by partner Bora Bozkurt, with associate Michael Yu; and on equity derivatives matters by partner Eric Rice, with associate Sloan Ungerman and assistance from Jackson Davenport.