Harmonic Inc. $115.5 Million Convertible Senior Notes Offering

Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Harmonic Inc. of $115.5 million aggregate principal amount of its 2.00% convertible senior notes due 2024, including $10.5 million aggregate principal amount of notes sold pursuant to the initial purchasers’ exercise of their option to purchase additional notes.

Harmonic Inc. is a leading global provider of versatile and high performance video delivery software, products, system solutions and services that enable their customers to efficiently create, prepare, store, playout and deliver a full range of high-quality broadcast and OTT video services to consumer devices, including televisions, personal computers, laptops, tablets and smart phones and cable access solutions that enable cable operators to more efficiently and effectively deploy high-speed internet, for data, voice and video services to consumers’ homes.

The Davis Polk corporate team included partner Emily Roberts and associate Benson Richards. The equity derivatives team included partner Mark J. DiFiore and associate Justin Lashley. Partner Rachel D. Kleinberg provided tax advice. Associate Christopher C. Woller provided intellectual property and technology advice. Associate Amy L. Larsen provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.