Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of 8,050,000 depositary shares of Rexnord Corporation, each representing a 1/20th interest in a share of the company’s 5.75% Series A mandatory convertible preferred stock. The depositary shares included 1,050,000 shares purchased pursuant to the exercise of the over-allotment option in full.

Based in Milwaukee, Wisconsin, Rexnord is a growth-oriented, multi-platform industrial company with leading market shares and highly trusted brands that serve a diverse array of global end markets. The process & motion control platform designs, manufactures, markets and services specified, highly engineered mechanical components used within complex systems. The water management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation.

The Davis Polk corporate team included partners Michael Kaplan, Ray Ibrahim and Mark M. Mendez and associates Ferrell Maguire Keel and Joshua A. Foran. The tax team included partner Lucy W. Farr. Counsel Loyti Cheng 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