The 3.00% convertible senior notes are due 2030

Davis Polk advised the representatives of the initial purchasers in a Rule 144A offering by LCI Industries of $460 million aggregate principal amount of 3.00% convertible senior notes due 2030, including $60 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes. In addition, Davis Polk advised counterparties to convertible note hedge and warrant transactions in connection with the convertible notes offering, and also advised the existing counterparties to the existing convertible note hedge and warrant transactions entered into in connection with the issuance of LCI Industries’ 1.125% convertible senior notes due 2026 with respect to the partial unwind of such existing convertible note hedge and warrant transactions. LCI’s common stock is listed on the New York Stock Exchange under the symbol “LCII.”

LCI Industries is a global leader in supplying engineered components to the outdoor recreation, transportation, and building products industries. In addition to serving original equipment manufacturers, it also caters to aftermarket needs, selling through retail dealers, wholesale distributors and service centers, as well as directly to consumers online. LCI operates over 110 manufacturing and distribution facilities located throughout North America and Europe.

The Davis Polk capital markets team included partner Hillary A. Coleman and associate José Miguel Fernández Mejía. The equity derivatives team included partner Caitlin L. Wood, counsel Gregory E. Marchesini and associates Lindsey B. Meyers-Perez, Ji Hwan Kim and Melissa X. Estrada. Partner Lucy W. Farr and associates Tyler Scheiner and Fred Fu provided tax advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post