Davis Polk advised UBS Investment Bank, Bank of America Merrill Lynch and Credit Suisse Securities (USA) LLC as joint book-running managers in connection with an SEC-registered offering by GT Advanced Technologies Inc. (GTAT) of an aggregate principal amount of $220 million of 3% convertible senior notes due 2017, which included $15 million aggregate principal of notes from the full exercise of the underwriters’ option to purchase additional notes. In addition, Davis Polk advised certain financial institutions, including several affiliates of the underwriters, as counterparties to convertible note hedge and warrant transactions with GTAT in connection with the convertible senior notes offering.

GTAT is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets.

The Davis Polk capital markets team included partner Alan F. Denenberg and associates Patrick Spencer, Zhimin Lin and Jacqueline M. Pace. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Barry J. Gewolb, Noah L. Wynkoop and Charles L. Nail. Partner Frank J. Azzopardi and associate Bruce Rose-Innes provided intellectual property advice. Partner Michael Farber and associates William A. Curran and Juelle Gomes provided tax advice. Elizabeth J. Gordon and Cassandra Aguirre were the legal assistants on the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.



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