The high-yield notes are due 2031

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A / Regulation S offering of $400 million aggregate principal amount of 8.625% senior notes due 2031 by Pike Corporation. The notes are guaranteed on a senior unsecured basis by certain of Pike Corporation’s wholly owned subsidiaries.

Founded in 1945, Pike Corporation is the nation’s leading provider of infrastructure engineering and construction services. Pike’s portfolio of expertise provides end-to-end infrastructure coverage, including electric distribution, transmission and substation; renewables and distributed energy resources; telecommunications; and gas distribution services. Pike is headquartered in Mount Airy, North Carolina, and provides services across the United States.

The Davis Polk capital markets team included partner Michael Kaplan and associates David Li and Marquis J. Pullen. The tax team included partner Mario J. Verdolini and associate Yueyu Yang. All members of the Davis Polk team are based in the New York office.