Datadog Announces Upsized $1 Billion Convertible Senior Notes

New York – December 12, 2024 – Cooley advised Datadog (Nasdaq: DDOG), a monitoring and security platform for cloud applications, on its upsized $1 billion aggregate principal amount of 0% convertible senior notes due 2029, a figure comprising an initial $870 million aggregate principal amount of notes and the exercise in full of the initial purchasers’ option to purchase up to an additional $130 million aggregate principal amount.

Partners Mischi a Marca, Jason Savich, Ellie Seber, Richard Segal and Eileen Marshall, along with special counsel Timothy Nguyen, led the Cooley team advising Datadog. Partners Jodie Bourdet and Brad Goldberg have advised Datadog as a public company since its $745.2 million initial public offering in October 2019.

Cooley also previously advised Datadog on its acquisition of Sqreen in February 2021 and its $747.5 million offering of convertible senior notes in June 2020.

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