Palo Alto – September 27, 2024 – Cooley advised Snowflake, the artificial intelligence (AI) Data Cloud company, on its private placement of $2.3 billion aggregate principal amount of convertible senior notes, consisting of $1.15 billion principal amount of convertible senior notes due 2027 (2027 notes) and $1.15 billion principal amount of convertible senior notes due 2029 (2029 notes), which includes the exercise in full of the initial purchasers’ options to purchase an additional $150 million principal amount of 2027 notes and $150 million principal amount of 2029 notes.
Partners Jon Avina, Milson Yu and Kate Nichols led the Cooley team advising Snowflake on corporate matters, while Mischi a Marca and Jason Savich led on debt finance matters.
Cooley previously advised Snowflake on its $3.9 billion initial public offering in 2020.
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