Fenwick & West LLP represented Concur Technologies, Inc. (NASDAQ: CNQR), leading provider of on-demand Employee Spend Management services, in its convertible note offering that closed today. Concur raised $287,500,000 through the sale of its 2.5% convertible senior notes due 2015 in a private placement to qualified institutional buyers, and intends to use the proceeds of the offering for general corporate purposes, including potential acquisitions and strategic transactions.
The Fenwick & West transaction team was led by corporate partner Horace Nash and included securities partner David Michaels and securities associates Shulamite Shen White and Rita Tan, and tax partner Ronald Schrotenboer and tax associate Idan Netser.
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