The 3.00% convertible notes are due 2028

Davis Polk advised the sole book-running manager and representative of the several initial purchasers in connection with a Rule 144A offering by Enovix Corporation of $162.5 million aggregate principal amount of its 3.00% convertible senior notes due 2028, including the full exercise of the initial purchasers’ option to purchase additional securities. In addition, Davis Polk advised the counterparty to the capped call transactions in connection with the offering.

Enovix Corporation is a leader in advanced silicon-anode lithium-ion battery development and production.

The Davis Polk corporate team included partner Emily Roberts and associates Beth LeBow, Sarah Catherine Chouinard and Sunny Xu. The equity derivatives team included partners Derek Walters and Mark J. DiFiore, counsel Faisal Baloch and associates Stockton Bullitt, Amy Cheng and Alexander S. Pettingell. Members of the Davis Polk team are based in the Northern California and New York offices.

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