Davis Polk advised the sole book-running manager in connection with a registered offering by Infinera Corporation of $402.5 million aggregate principal amount of 2.125% convertible senior notes due 2024, which includes $52.5 million principal amount purchased pursuant to an over-allotment option, which was exercised in full. In addition, Davis Polk advised the counterparties to capped call transactions entered into by Infinera in connection with the offering.

Headquartered in Sunnyvale, California, Infinera is an industry leader in optical transport networking solutions, providing equipment, software and services to telecommunications service providers, internet content providers, cable providers, research and education institutions, enterprise customers and government entities across the globe.

The Davis Polk capital markets team included partner Marcel Fausten and associates Yoojin L. Kim and Young-Min Cho. The equity derivatives team included partner John M. Brandow and associates Caitlin L. Wood, Hanbing Zhang, Brent T. Duddie and Chaoshun (Jeff) Zuo. All members of the Davis Polk team are based in the New York office.

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