Sidley represented Porch Group, Inc. (NASDAQ: PRCH), a vertical software company in the home services and insurance sectors, in connection with Porch’s recent private placement of US$333 million aggregate principal amount of 6.75% Convertible Senior Secured Notes due 2028, and a concurrent privately negotiated repurchase of US$200 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2026. The repurchases closed on April 20, 2023.
The Sidley team was led by partners Joshua G. DuClos (Private Equity), Michael P. Heinz (Capital Markets), and Elizabeth R. Tabas Carson (Global Finance), and includes Robert Mandell and Ashley E. Wong (Capital Markets); Daniel M. Philion, Shawn Bagdasarian, Joseph Hansik Ha, Hiroko Ito, and Bill Turnbull III (Global Finance); Rachel D. Kleinberg and Andy J. Lau (Tax); and Jocelyne E. Kelly (M&A).
