Davis Polk advised the joint book-running managers in connection with concurrent SEC-registered offerings by II-VI Incorporated of 10,697,570 shares of its common stock for an aggregate price to the public of approximately $460 million and 2,300,000 shares of its 6.000% Series A mandatory convertible preferred stock for an aggregate price to the public of $460 million.
II-VI Incorporated, a global leader in engineered materials and optoelectronic components and devices, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment and consumer markets.
The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Benson Richards, Joseph G. Marano and Travis B. Mitchell. The equity derivatives team included partner Mark M. Mendez and associates Annie Li and Danielle Forni. Partner Lucy W. Farr and associate Ben Levenback provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.