Davis Polk advised underwriters represented by Deutsche Bank Securities Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc. and UBS Securities LLC in connection with a public offering by International Business Machines Corporation of $2 billion principal amount of its 1.95% notes due 2016.

The Davis Polk team included partner Alan Dean and associate Eilleen J. Park. Partner Michael Mollerus provided tax advice. Natalie Chan was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.