The Debt Capital Markets and Technology practices advised Limelight Networks, Inc. on private offering under Rule 144A of its $125 million aggregate principal amount of 3.50% convertible senior notes due 2025. The size of the offering was increased from the initially announced $100 million aggregate principal amount of notes. In connection with the offering, Limelight entered into capped call transaction to effectively raise the conversion price of the notes and reduce the risk of potential dilution to Limelight’s common stock.
Limelight Networks, Inc. (Nasdaq: LLNW), a leading provider of digital content delivery, video, cloud security, and edge computing services, empowers customers to provide exceptional digital experiences. Limelight’s edge services platform includes a unique combination of global private infrastructure, intelligent software, and expert support services that enable current and future workflows.
The Goodwin Debt Capital Markets team included partners James Barri and John Servidio and associate Kim de Glossop. The Technology team included partner Mitzi Chang and associates Julia White, Jordan Howe and Zuzanna Gruca. The Tax team included Daniel Karelitz and Alexander Plaum.
For more information on the transaction, please see Limelight’s press release.