Latham & Watkins Advises on Rocket Lab’s Upsized Offering of US$355 Million Convertible Senior Notes

Rocket Lab USA, Inc. (Nasdaq: RKLB), a global leader in launch services and space systems, has announced the closing of its private offering of US$355 million principal amount of 4.250% convertible senior notes due 2029 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and related capped call transactions. The offering represents the aggregate of both the previously announced, upsized offering of US$300 million as well as the full exercise of the US$55 million option to purchase additional notes granted by Rocket Lab to the initial purchasers of the notes.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York/Los Angeles partner Greg Rodgers and New York partner Andrew Blumenthal, with associates Katie Lovejoy, Andrew Bentz, Amy Dau, and Madison Venezia. Advice was also provided on equity derivatives matters by New York partner Reza Mojtabaee-Zamani, with associates Shawn Noh and Sloan Ungerman; on tax matters by New York partner Elena Romanova, with associates Ron Moore and James Aldred; on FCC matters by Washington, D.C. partner Elizabeth Park; on CFIUS/ITAR matters by associates Matthew Crawford and Julie Shin; on government contracts matters by Washington, D.C. partner Dean Baxtresser, with associate Chris Caulder; on FCPA/ABC matters by New York partner Matthew Salerno; on environmental matters by New York partner Gary Gengel and New York counsel David Langer; on intellectual property matters by New York partner Jeffrey Tochner, with associates Pelin Serpin and Sebastian Moss; and on data privacy and security matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte.