Vontier $1.6 billion notes offering
Davis Polk advised the initial purchasers in connection with Vontier Corporation’s Rule 144A offering of $500 million aggregate principal amount of its 1.800% notes due 2026, $500 million aggregate principal amount of its 2.400% notes due 2028 and $600 million aggregate principal amount of its 2.950% notes due 2031.
Vontier is a global industrial technology company focused on transportation and mobility solutions. The company’s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets. The company’s development, manufacturing, sales, distribution, service and administration operations are located in more than 30 countries primarily across North America, Asia Pacific, Europe and Latin America.
The Davis Polk corporate team included partner Derek Dostal and associates Lia-Michelle Keane and Vivek Thanki. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York and London offices.