DLA Piper advises Q2 Holdings in its issuance of US$350 million of convertible senior notes in private exchange and subscription transactions
12/14/2020 - 11:02 AM
NEW YORK , Dec. 14, 2020 /PRNewswire/ -- DLA Piper represented Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, in private exchange and subscription transactions with certain holders of its outstanding 0.75% convertible senior notes due 2023 and certain new investors. Under the exchange and subscription agreements, Q2 issued US$350 million principal amount of 0.125% convertible senior notes due 2025, consisting of US$210.7 million of new notes and either shares of Q2's common stock or cash in exchange for approximately US$181.9 million principal amount of the 2023 notes, and US$139.3 million principal amount of new notes for cash.
"We appreciated the opportunity to deliver our wide-ranging capital markets and technology sector experience to assist Q2 in these transactions, which will enable it to continue providing innovative digital banking and lending solutions to companies in the US and internationally," said John J. Gillully III , global co-chair of DLA Piper's Corporate practice, who led the firm's deal team.
In addition to Gilluly, the DLA Piper team representing Q2 Holdings included partners Brent Bernell Austin ), Jamie Knox New York ) and Marc Horwitz Chicago ); and associates Drew Valentine Austin /New York ), Brian Wohlberg Chicago ) and Rebekah Rodriguez Austin ).
DLA Piper's global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.
DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.
About DLA Piper DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe , the Middle East , Africa and Asia Pacific , positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com
http://www.prnewswire.com/news-releases/dla-piper-advises-q2-holdings-in-its-issuance-of-us350-million-of-convertible-senior-notes-in-private-exchange-and-subscription-transactions-301192194.html
SOURCE DLA Piper
QTWO Rankings
#2332 Ranked by Stock Gains
QTWO Stock Data
Industry
Software Publishers
Sector
Information
Tags
Technology Services, Information Technology Services, Information, Software Publishers
Country
US
City
Austin
About QTWO
q2 powers your virtual banking experience.we connect you to your account holders who expect and appreciate a unified and engaging banking experience anytime, anywhere, on any device. we merge business-critical technology with an engaging user experience, helping you engage account holders where they live, work and play. by leveraging virtual banking software across our single, non-siloed technology platform, you can deliver unified online, voice, mobile and tablet banking services from a single secure application — and compete with the best that mega banks and money centers can offer. one interface to your core. one management view. and one unified virtual banking experience for retail and commercial - all from one login. q2 offers unprecedented integration between the web, voice, mobile and tablet banking channels, and supports cross-channel multi-factor authentication as well as open vendor integration with the financial institution’s other third-party applications. to learn more abo
