Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Xylem Inc. of $500 million aggregate principal amount of its 3.250% senior notes due 2026 and $400 million aggregate principal amount of its 4.375% senior notes due 2046. Xylem intends to use the net proceeds from the offering to partially finance its acquisition of Sensus Worldwide Limited.

Xylem is a leading equipment and service provider for water and wastewater applications with a broad portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment. Xylem’s business focuses on providing technology-intensive equipment and services. Xylem’s product and service offerings are organized into two reportable segments: water infrastructure and applied water. Xylem’s segments are aligned with each of the sectors in the cycle of water, water infrastructure and usage applications.

The Davis Polk corporate team included partners Richard A. Drucker and Derek Dostal and associate John H. Runne. Partner Lucy W. Farr provided tax advice. The environmental team included counsel Loyti Cheng and associates Michael Comstock and Yuko Masunaga. All members of the Davis Polk team are based in the New York office. 

Copy link to share post