Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as representatives of the initial purchasers in connection with a Rule 144A offering by JDS Uniphase Corporation of an aggregate principal amount of $650 million of its 0.625% senior convertible debentures due 2033.

Headquartered in Milpitas, California, JDS Uniphase provides communications test and measurement solutions and optical products for telecommunications service providers, cable operators and network equipment manufacturers.

The Davis Polk corporate team included partners Bruce K. Dallas and John M. Brandow, associates Christopher J. Kodama, Barry J. Gewolb and Jeffrey Hamilton, and law clerk Dan Karmel. The tax team included partner Po Sit and associate Ameya V. Bapat. Associates Bruce Rose-Innes and Julian Russo provided intellectual property advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Katie Young was the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.