Davis Polk is advising the lead arranger in connection with (i) the $1.64 billion senior secured credit facilities being provided to Altra Industrial Motion Corp. and (ii) the $400 million senior unsecured bridge facility being provided to a special purpose subsidiary of Fortive Corporation in connection with Altra’s acquisition of Fortive’s Automation & Specialty platform through a potentially tax-free Reverse Morris Trust transaction.

Altra is a multinational designer, producer and marketer of a wide range of mechanical power transmission products. Its products are sold in over 70 countries throughout the world and are frequently used in critical applications, such as brakes for elevators, wheelchairs and forklifts.

Headquartered in Everett, Washington, Fortive maintains a portfolio of businesses that keeps power grids and factories running, supports the largest data centers, advances robotics through precision motion and automation and drives the global economy by ensuring safe, efficient transport of goods.

The Davis Polk finance team includes partner Jason Kyrwood and associates Sanders Witkow and Ona Oshen. The capital markets team includes partner Michael Kaplan, counsel Yasin Keshvargar and associate Yoojin L. Kim. The tax team includes partner William A. Curran and associate Joshua J. Micelotta. All members of the Davis Polk team are based in the New York office.

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