Press Release May 21, 2020

Lyft Completes Offering of $747.5 Million of Convertible Senior Notes and Capped Call to Increase Effective Conversion Price to $73.83

The Technology team advised initial purchaser and capped call counterparty J.P. Morgan Securities on Lyft, Inc.’s (Nasdaq: LYFT) offering of $747.5 million aggregate principal amount of its 1.50% convertible senior notes due 2025, as well as the capped call transaction to increase the effective conversion price to $73.83.

Lyft was founded in 2012, and has over 30 million riders and 2 million drivers. The company is singularly focused on improving people’s lives with the world’s best transportation and committed to building reliable, affordable and sustainable transportation.

The Goodwin team was led by Jim Barri, Rick Kline, John Servidio, Kim De Glossop, Dane Patterson, Max Montgomery, Hilarie Bellis, and Amber Ausley, and included Benjamin DraiStephen Charkoudian, Shira Borzak, Laura Zhang; Richard Matheny, Justin Pierce, Daniel Karelitz, Garrett Gaughan, Stephen Taeusch, Alex Moyer, Tony Guan, and Ettore Santucci.

For more details, read the press release.