Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the $993 million SEC-registered secondary offering of 35,475,457 shares of common stock of Array Technologies, Inc. by its controlling stockholder, which included 4,420,486 shares from the full exercise of the underwriters’ option to purchase additional shares. The common stock is listed on the Nasdaq Global Market under the symbol “ARRY.”
Array Technologies is a leading global technology company providing tracker solutions and services for utility-scale solar energy projects as one of the world's largest manufacturers of ground-mounted systems. With efficient installation and terrain flexibility coupled with high reliability, durability and performance, Array delivers a lower levelized cost of energy. Array Technologies is headquartered in the United States with offices in Europe, Central America and Australia.
The Davis Polk capital markets team included partners Roshni Banker Cariello and Michael Kaplan and associates John H. Runne and Samuel F. Page. The tax team included partner Mario J. Verdolini and associate Dov Sussman. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk deal team are based in the New York office.