Orrick Advises Luminar Technologies on $625 Million Convertible Note Offering


Orrick advised Luminar Technologies (Nasdaq: LAZR) on a private offering pursuant to Rule 144A of $625 million principal amount of its 1.25% convertible senior notes due 2026. Luminar, an autonomous vehicle sensor and software company, intends to use a portion of the net proceeds from the offering for general corporate purposes that advance its growth strategy and to repurchase shares of its Class A common stock.

The Orrick team advising Luminar was led by Brett Cooper and Bill Hughes and includes Dan KimKen Marx, Kelsey Craig and Angela Chen.