The Firm is representing affiliates of Silver Lake in their announced strategic investment in Cornerstone OnDemand (NASDAQ: CSOD). Affiliates of Silver Lake, together with affiliates of LinkedIn, will purchase $300 million aggregate principal amount of 5.75% convertible notes due July 2021, with a conversion price of $42 per share. The transaction is subject to customary closing conditions.
Cornerstone OnDemand, Inc. is a cloud-based learning and human capital management software company. From recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning, people administration and analytics, Cornerstone is designed to enable a lifetime of learning and development that is fundamental to the growth of employees and organizations.
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