Latham & Watkins Advises on A10 Networks’ US$200 Million Convertible Senior Notes Offering

A10 Networks, Inc. (NYSE: ATEN) has announced the pricing on March 12, 2025 of its offering of US$200 million aggregate principal amount of 2.75% convertible senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The issuance and sale of the notes are scheduled to settle on March 17, 2025, subject to customary closing conditions. In connection with the offering, the company also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$25 million aggregate principal amount of notes.

Latham & Watkins LLP represented the initial purchasers in the transaction with a corporate team led by New York/Los Angeles partner Greg Rodgers and New York partner Andrew Blumenthal, with associates Katie Lovejoy, Ian Lachow, Sabrina Singh, Steve Hess, and Jackie Stern. Advice was also provided on tax matters by New York partner Bora Bozkurt; on data privacy matters by Bay Area partner Robert Blamires, with associate Deborah Hinck; on intellectual property matters by New York counsel Carrie Girgenti; and on regulatory matters by New York partner Raquel Kellert, with associate Matthew Valenti.