Unity Software completed its issuance of $690 million of its 0% Convertible Senior Notes due 2030, which includes the full exercise of the initial purchasers’ option to purchase $90 million additional notes, in a Rule 144A offering.
Unity used a portion of the net proceeds from the offering for the repurchase of approximately $644.3 million of its existing 0% Convertible Senior Notes due 2026.
S&C represented the initial purchasers in connection with the offering.
Unity is the leading platform to create and grow games and interactive experiences. Unity’s platform is used by creators of all types—such as developers, artists and designers—to build content in gaming and non-gaming industries, including retail, automotive, architecture, engineering and construction. Unity’s platform offers tools across all major platforms, including mobile, PC, console and extended reality.
The S&C team included John Savva, Alexandra Smith and Jenna Paliughi. Mark Schenkel and April Yu advised on intellectual property matters. Jeff Hochberg, Saul Brander and Katherine Chen advised on tax matters.