The Rule 144A offering involved 2.5% convertible senior notes due 2026

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A offering by Fisker Inc. of $625 million aggregate principal amount of its 2.50% green convertible senior notes due 2026. Davis Polk also advised the counterparties to capped call transactions entered into by Fisker in connection with the offering.

California-based Fisker Inc.’s mission is to create the world’s most emotional and sustainable vehicles. Fisker is building a technology-enabled, asset-light automotive business model that it believes will be among the first of its kind and aligned with the future state of the automotive industry.

The Davis Polk corporate team included partner Derek Dostal and associates Michael Stromquist and Javier Felix. The equity derivatives team included partners Mark M. Mendez and Mark J. DiFiore, counsel Justin Michael and associates Hanbing Zhang, Yini Chen and Daniel Yu. Partner Michael Farber and associate Ben Levenback provided tax advice. Members of the Davis Polk team are based in the New York office.