The 3.75% convertible notes are due 2028

Davis Polk advised the sole book-running manager in connection with a Rule 144A offering by Infinera Corporation of $373.75 million aggregate principal amount of 3.75% convertible senior notes due 2028, which includes $48.75 million principal amount purchased pursuant to an over-allotment option, which was exercised in full.

Headquartered in San Jose, California, Infinera is a global supplier of innovative open optical networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation and automate network operations.

The Davis Polk capital markets team included partner Marcel Fausten and associates Moses Farzan Nekou and Isabella Moreira. The equity derivatives team included partner John M. Brandow and associates Stockton Bullitt and Amy Cheng. The tax team included partner Po Sit. Partner Pritesh P. Shah and associate David A. Frey provided intellectual property and technology advice. Counsel Loyti Cheng provided environmental advice. All members of the Davis Polk team are based in the New York office.