On November 15, 2024, Upstart Holdings, Inc. completed an offering of $500 million aggregate principal amount of 1.00% convertible senior notes due 2030 in a private transaction. The offering amount included the exercise in full of the option that Upstart had granted to the initial purchasers to purchase up to an additional $75 million of notes. 

Wilson Sonsini Goodrich & Rosati represented Upstart on the transaction. The Wilson Sonsini team that represented Upstart included:

Corporate
Allison Spinner
Shannon Delahaye
Partha Vora

Corporate Finance
Erik Franks
Alex Weber
Eaton Liu
Jason Choi
Trevor Mathews

Tax
Dave Strong
Brandon King

For more information, please see Upstart’s pricing news release.