Davis Polk advised Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as representatives of the initial purchasers in connection with a Rule 144A offering by Concur Technologies, Inc. of an aggregate principal amount of $488.75 million of its 0.5% convertible senior notes due 2018, which included $63.75 million aggregate principal amount of notes from the full exercise of the initial purchasers’ over-allotment option. In addition, Davis Polk advised Deutsche Bank AG, UBS AG, Credit Suisse International and JPMorgan Chase Bank, National Association as counterparties to convertible note hedge and warrant transactions in connection with the offering.
Headquartered in Bellevue, Washington, Concur Technologies, Inc. is a leading provider of integrated travel and expense management solutions for companies of all industries, sizes and geographies. Concur’s stock is listed on The Nasdaq Global Select Market under the symbol “CNQR.”
The Davis Polk corporate team included partner Alan F. Denenberg and associates Jeffrey Gould and Emily Roberts. The Davis Polk equity derivatives team included partner Mark M. Mendez and associate Trevor L. Gleason. The tax team included partner Rachel D. Kleinberg and associate Catherine Paskoff Chang. The intellectual property team included associate Bruce Rose-Innes. Counsel Catherine L. Martin provided 1940 Act advice. Cassandra Aguirre and Katie Young were the legal assistants on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.
