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Davis Polk & Wardwell LLP

03/04/2021 | News release | Distributed by Public on 03/05/2021 22:05

Shake Shack $250 million convertible senior notes offering We advised the initial purchasers on the Rule 144A convertible notes offering

Davis Polk advised the representative of the initial purchasers in a Rule 144A offering by Shake Shack Inc. of $250 million aggregate principal amount of 0% convertible senior notes due 2028, including $25 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers' option to purchase additional convertible notes. Shake Shack Inc.'s common stock is listed on The New York Stock Exchange under the symbol 'SHAK.'

Headquartered in New York, Shake Shack is a modern day 'roadside' burger stand serving a classic American menu of premium burgers, chicken sandwiches, hot dogs, crinkle cut fries, shakes, frozen custard, beer and wine. Since the original Shack opened in 2004 in NYC's Madison Square Park, the company has expanded to 311 locations in 15 countries and 30 states.

The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Yasin Keshvargar, and associates Christopher Diel and Shaoting Qin. The Davis Polk equity derivatives team included partner Mark J. DiFiore and associates Joseph Luizzi and Lindsey B. Meyers-Perez. Partner Lucy W. Farr and associate Tomislava Dragicevic provided tax advice. Members of the Davis Polk team are based in the New York and London offices.