Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as representatives of the several initial purchasers on a Rule 144A offering by TIBCO Software Inc. of $600 million aggregate principal amount of its 2.25% convertible senior notes due 2032, which included $75 million aggregate principal amount of notes from the full exercise of the initial purchasers’ over-allotment option.

TIBCO Software is a leading independent provider of middleware and infrastructure software for companies to use on-premise or as part of cloud computing environments. Its standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Beth Hooton Ruiz, Tyler P. Pender and Steve Valenzuela. The tax team included partner Rachel D. Kleinberg and associate Catherine Paskoff Chang. Associates Emma Maconick and Daniel Ray (of the New York office) provided intellectual property advice. Haniya H. Mir was the legal assistant on the transaction. Except as indiciated, the Davis Polk team is based in the Menlo Park office.

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