White & Case advises Apollo Funds on private placement of $US100 million convertible notes of Aeva Technologies, Inc.

Global law firm White & Case LLP has advised Apollo-managed funds on a US$100 million private placement of 4.375% convertible senior notes due 2032 of Aeva Technologies, Inc. Aeva Technologies, Inc. expects to use the proceeds to support Aeva's growing commercial momentum and accelerate the adoption of FMCW 4D LiDAR across a broad range of applications.

The notes were sold in a private placement pursuant to Rule 144A under the Securities Act of 1933. The notes will have an initial conversion price of US$15.8643 and will mature on November 15, 2032, unless earlier repurchased, redeemed or converted.

Aeva's mission is to bring the next wave of perception to a broad range of applications from automated driving, manufacturing automation and smart infrastructure, to robotics and consumer devices. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated devices like vehicles and robots to make more intelligent and safe decisions.

The White & Case team was led by Debt Finance partner Brenda Dieck (Los Angeles) and Capital Markets partner Drew Valentine (New York).

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