Davis Polk advised the representative of the several initial purchasers in a Rule 144A/Regulation S offering by Huntington Ingalls Industries, Inc. of $600 million aggregate principal amount of its 5% senior notes due 2025.

Davis Polk also the dealer managers in connection with Huntington Ingalls Industries’ cash tender offer for its outstanding 7.125% senior notes due 2021 and related consent solicitation. Following the early settlement of the tender offer, all outstanding 2021 notes were called for redemption. The tender offer was funded with the proceeds of the 2025 notes offering.

Huntington Ingalls Industries designs, builds and manages the life-cycle of nuclear and conventionally-powered ships, primarily for the U.S. Navy and the U.S. Coast Guard.

The Davis Polk capital markets team included partners Michael Kaplan and Byron B. Rooney and associates Gabriel A. de Corral, Roderick G. Miller and Michael Fan. The tax team included partner Michael Mollerus and associate Dao Fu. All members of the Davis Polk team are based in the New York office.

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