Fenwick & West represented Alteryx, Inc. (NYSE: AYX), a leading provider of self-service data analytics software, in its private offering of $200 million of 0.50% convertible senior notes due 2023 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.
Alteryx estimates that the net proceeds from the offering will be approximately $194.8 million, after deducting the initial purchasers’ discount and estimated offering expenses payable by Alteryx. Alteryx used approximately $16.6 million of the net proceeds from the offering of the notes to pay the cost of the capped call transactions with an affiliate of one of the initial purchasers of the notes and other financial institutions. Alteryx intends to use the remaining net proceeds from the offering for working capital and other general corporate purposes, which may include acquisitions or other strategic transactions.
The Fenwick transaction team was led by corporate lawyers Michael Brown, David Michaels, Ran Ben-Tzur, Julia Forbess, Caroline Wells, Jeremy Kazzaz and Nikhil Sharma; and tax lawyers Will Skinner and David de Ruig.