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Sidley says it advised Cipher Digital on an $850 million convertible notes offering
Sidley said it represented Cipher Digital in an $850 million offering of zero-interest convertible senior notes due in 2032. The firm said it also advised the Nasdaq-listed data center developer on capped call transactions and exchanges of some outstanding notes for common stock.
Key points
- Sidley said the notes were offered to persons reasonably believed to be qualified institutional buyers.Sidley
- The firm said the exchanged securities were 1.75% convertible senior notes due in 2030.Sidley
- Sidley said J. David Stewart, Alex Csordas, Rob Mandell and Prabhat Mehta led its capital markets team.Sidley
- The firm named Robert Kreitman and Patrick Gray as tax advisers.Sidley