DLA Piper advised the initial purchasers, led by Cantor Fitzgerald & Co., Deutsche Bank Securities Inc., and Stifel, Nicolaus & Company, Incorporated, in an upsized US$345 million offering for Intuitive Machines, Inc., a space technology, infrastructure and services company. The offering consisted of 2.500% convertible senior notes due 2030.
The core deal team was co-led by Partners Stephen Alicanti (New York) and Anna Spence (New York/Raleigh), and included Associates Zach Altman (Boston), Jordyn Giannone (New York), and Robert Cortes (Short Hills). Partner Marc Horwitz (Chicago) and Associate James Spaulding (Chicago) advised on equity derivatives matters. Partner Kurtis Weaver (Boston) and Associate Molly McBride (Los Angeles) advised on tax matters.
DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investment grade and high-yield debt securities.