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
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SOURCE DLA Piper