Davis Polk advised Neovia Logistics Intermediate Holdings, LP and Neovia Logistics Intermediate Finance Corporation on their offer to exchange new 10.00%/10.75% (with adjustable step-up) senior PIK toggle notes due 2020 and cash for any and all outstanding 10.00%/10.75% senior PIK toggle notes due 2018 and the related solicitation of consents to amend the indenture governing the 2018 notes.

Neovia is a global non-asset-based provider of service parts logistics, offering customized solutions to assist its clients in designing, managing and optimizing their supply chains. Neovia provides fully integrated supply chain solutions to approximately 55 large and mid-sized clients, primarily in the automotive and industrial service parts industries.

The Davis Polk capital markets team included partner John B. Meade and associates Christopher M. Bezeg, Ravi P. Ramchandani, Nara Lee and Chris Van Buren. The credit team included partner Joseph P. Hadley and associate Sanders Witkow. The tax team included partner Kathleen L. Ferrell and associate Joshua J. Micelotta. Partner Marshall S. Huebner provided insolvency and restructuring advice. All members of the Davis Polk team are based in the New York office. 

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