Davis Polk advised the representative of the underwriters in connection with an SEC-registered offering by TimkenSteel Corporation of $75 million aggregate principal amount of its 6.00% convertible senior notes due 2021.

Headquartered in Canton, Ohio, TimkenSteel is a manufacturer of alloy, carbon and micro-alloy steel. Its portfolio includes special bar quality (SBQ) bars, seamless mechanical tubes and value-add solutions, such as precision steel components. TimkenSteel’s products and services are used in a diverse range of demanding applications in the following market sectors: oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture and power generation.

The Davis Polk capital markets team included partner Joseph A. Hall and associate Christopher M. Bezeg. The equity derivatives team included partner Mark M. Mendez and associates Barry J. Gewolb and Won Lee. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Partner Michael Farber and associate Muhyung (Aaron) Lee provided tax advice. All members of the Davis Polk team are based in the New York office. 

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