Wilson Sonsini Goodrich & Rosati and Davis Polk & Wardwell have taken the lead advisory roles on Twitter's $1.3bn convertible bond fundraising.
September 12, 2014 at 04:04 AM
1 minute read
The original version of this story was published on Legalweek
Wilson Sonsini Goodrich & Rosati and Davis Polk & Wardwell have taken the lead advisory roles on Twitter’s $1.3bn (£800m) convertible bond fundraising.
The bond, which is split into two $650m tranches maturing in five and seven years respectively, will be put towards acquisitions and expansions by Twitter. It marks its first foray into debt markets, adding to its pre-existing revolving credit line of $1bn with a Morgan Stanley affiliate.
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