Davis Polk advised the joint book-running managers in connection with a Rule 144A offering by Enphase Energy, Inc. of $320 million aggregate principal amount of its 0.25% convertible senior notes due 2025. Davis Polk also advised the counterparties to convertible note hedge and warrant transactions entered into by Enphase in connection with the offering.

Headquartered in Fremont, California, Enphase is a global energy technology company that delivers smart, easy-to-use solutions that manage solar generation, storage and management on one intelligent platform

The Davis Polk corporate team included partner Stephen Salmon and associates Dongbiao Shen and Joseph G. Marano. The equity derivatives team included partner Ray Ibrahim and associates Joseph Luizzi, Hanbing Zhang and Annie Li.  The tax team included partner Rachel D. Kleinberg and associate Tomislava Dragicevic. Associate Michael V. Policastro provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.