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White & Case Advises Morgan Stanley & Co. on US$1.265 Billion Convertible Senior Notes Offering by DraftKings

Global law firm White & Case LLP has advised the initial purchasers, led by Morgan Stanley & Co. LLC, on DraftKings Inc.'s offering of US$1.265 billion aggregate principal amount of its 0% convertible senior notes due 2028, which includes the full exercise of the initial purchasers’ option to purchase additional notes.

DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. 

The White & Case Capital Markets team (all in New York) was led by partners Joel Rubinstein and Elliott Smith, and associates Sarah Ross, Jared Coppotelli and Joseph Chung. The team also included partner Colin Diamond, associates Scott Levi and Ami Shin, partner Edward So and associate Rhys Bortignon. Partner Hagai Zaifman and associate Michael Rodgers provided tax advice (both in New York). 

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