Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Kaman Corporation of $175 million aggregate principal amount of its 3.25% convertible senior notes due 2024. In addition, Davis Polk advised the counterparties to the capped call transactions in connection with the offering.

Headquartered in Bloomfield, Connecticut, Kaman Corporation is a diversified company that conducts business in the aerospace and distribution markets. Through its distribution segment, the company provides electro-mechanical products, bearings, power transmission, motion control and electrical and fluid power components to a broad spectrum of industrial markets. The company’s aerospace segment produces and markets proprietary aircraft bearings and components, ball bearings, composite aerostructures and various solutions for missile and bomb systems.

The Davis Polk corporate team included partner Derek Dostal and associate Evan Leitner. The equity derivatives team included partner Mark M. Mendez and associates Mark J. DiFiore, Caitlin L. Wood, Won Lee and Jenny Ge. Partner Michael Farber and associate Ariel David Siman provided tax advice. All members of the Davis Polk team are based in the New York office.

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