The shares are listed on Nasdaq and the 3.5% green convertible senior notes are due 2026

Davis Polk advised the representatives of (i) the underwriters in connection with the $353.6 million follow-on public offering of 37,229,736 shares of common stock of Arrival, which includes 4,856,052 shares from the full exercise of the underwriters’ option to purchase additional shares; and (ii) the purchasers in connection with the Rule 144A offering by Arrival of an aggregate principal amount of $320 million of its 3.500% green convertible senior notes due 2026, which included $45 million in principal amount from the full exercise of the purchasers’ option to purchase additional notes.

Arrival is listed on the Nasdaq Global Select Market under the symbol “ARVL.” Arrival was founded with a mission to transform the design, assembly and distribution of commercial electric vehicles (“EVs”) and accelerate the mass adoption of EVs globally. The initial focus for Arrival is the production of commercial EV vans, buses and cars produced by local microfactories. Arrival currently has three microfactories in active development, expected to start production in 2022.

The Davis Polk capital markets team included partner Byron B. Rooney and associate Clare Conroy. The equity derivatives team included partner Mark M. Mendez, counsel Justin Michael and associate Alexander S. Pettingell. Associates Alison T. Chin and Lauren Nathan provided intellectual property advice. The tax team included partner Michael Farber and associate Ben Levenback. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post