Davis Polk advised E*TRADE Financial Corporation in connection with its $435 million SEC-registered offering of 6.75% senior notes due 2016. The net proceeds from the offering are being used to redeem E*TRADE’s outstanding 7.375% senior notes due 2013.

E*TRADE Financial Corporation is a financial services company that provides online brokerage and related products and services primarily to individual retail investors.

The Davis Polk corporate team included partners Daniel G. Kelly Jr., Julia K. Cowles and Sarah K. Solum and associates Jeffrey Gould and Daniel J. Luskin. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa provided tax advice. Kimberly Kakade was the legal assistant on the transaction. All members of the Davis Polk team are based in the Menlo Park office.