Davis Polk & Wardwell LLP advised the initial purchasers on a Rule 144A offering by Microsoft Corporation of $1.25 billion aggregate principal amount of zero coupon convertible senior notes due 2013. In addition, Davis Polk advised counterparties to capped call transactions with Microsoft Corporation in connection with the convertible senior notes offering.

Based in Redmond, Washington, Microsoft Corporation develops, manufactures, licenses and supports a wide range of software products and services for many different types of computing devices.

The Davis Polk corporate team included partners Ray Ibrahim, Alan Dean and James T. Rothwell and associates Derek Dostal, Roman Ajzen, Marcel Fausten, Jessy Li, Adam J. Gelardi and Barry J. Gewolb. Partner Samuel Dimon and associates Jason Rubin Sussman and Jason A. Chlipala provided tax advice. Gwendolyn P. Ranada was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.