Davis Polk advised the representatives of the initial purchasers on a Rule 144A offering by Meritor, Inc. of $325 million aggregate principal amount of its 3.25% convertible senior notes due 2037, including $25 million aggregate principal amount of notes sold pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

Based in Troy, Michigan, Meritor is a global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. 

The Davis Polk corporate team included partner Joseph A. Hall and associates Martin Oberst and Brandon Une. The derivatives team included partner Mark M. Mendez and associates Mark J. DiFiore and Jenny Ge. Partner Po Sit and associate Isaac MacDonald provided tax advice. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post