We advised the initial purchasers on the Rule 144A notes offering

Davis Polk advised the representatives of the initial purchasers in a Rule 144A offering by LCI Industries of $460 million aggregate principal amount of 1.125% convertible senior notes due 2026, including $60 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes. In addition, Davis Polk advised counterparties to convertible note hedge and warrant transactions in connection with the convertible notes offering. LCI’s common stock is listed on the New York Stock Exchange under the symbol “LCII.”

LCI Industries is a U.S. and international supplier of a broad array of engineered components for the leading original equipment manufacturers in the recreation and transportation product markets, consisting primarily of recreational vehicles and adjacent industries. It also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors and service centers. LCI operates over 100 manufacturing and distribution facilities located throughout North America and Europe.

The Davis Polk corporate team included partner Jeffrey R. O’Brien and associates Andrew Rowe and Despoina Arslanidi. The equity derivatives team included partner Ray Ibrahim, counsel Katharine O’Banion and associates Yini Chen and Lindsey B. Meyers-Perez. Partner Lucy W. Farr and associates Ben Levenback and Justin Corvino provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the London and New York offices.