Goodwin Represents the Initial Purchasers on WhiteFiber’s Upsized $310 Million 5.00% Convertible Senior Notes Offering

Goodwin’s Capital Markets team represented the initial purchasers on WhiteFiber’s Rule 144A offering of $310 million aggregate principal amount of 5.00% Convertible Senior Notes due 2032. The offering was increased from the initially announced $250 million and included the full exercise of the initial purchasers’ option to purchase $40 million of additional notes. Goodwin also assisted with WhiteFiber’s concurrent privately negotiated exchange of $198.15 million aggregate principal amount of its existing 4.50% Convertible Senior Notes due 2031 for approximately $118.5 million in cash, including accrued and unpaid interest, and approximately 6.3 million ordinary shares.

WhiteFiber, Inc. (Nasdaq: WYFI) is a provider of AI infrastructure solutions. WhiteFiber owns HPC data centers and provides cloud services to customers. WhiteFiber’s vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads.

Goodwin’s product team consisted of Jim Barri, John Servidio, and Kim de Glossop. The corporate team consisted of Benjamin Marsh, Jonathan Burr, Rachel Staats, and Benjamin Deitch. Dan Karelitz and Garrett Gaughan provided tax advice.

For more information, please see WhiteFiber’s pricing press release for the offering.