Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $7 billion aggregate principal amount of senior notes, consisting of $2 billion floating-rate notes due 2022, $3 billion fixed-to-floating-rate notes due 2028 and $2 billion fixed-to-floating-rate notes due 2038. 

The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael Steinberg and associate Maria C. Salame. The tax team included partners Po Sit and Lucy W. Farr and associate Andrew A. Smith. Partner Gregory S. Rowland, counsel Sarah E. Kim and associate Zixuan (Jennifer) Wang provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.