IBM $3.25 billion notes offering
The investment-grade notes were issued in four tranches
Davis Polk advised the underwriters in connection with a public offering by International Business Machines Corporation of $1 billion aggregate principal amount of its 4.000% notes due 2025, $750 million aggregate principal amount of its 4.150% notes due 2027, $750 million aggregate principal amount of its 4.400% notes due 2032 and $750 million aggregate principal amount of its 4.900% notes due 2052.
The Davis Polk capital markets team included partner John B. Meade, counsel Jennifer Ying Lan and associate Courtney Clark. Partner Ethan R. Goldman and associate Dov Sussman provided tax advice. All members of the Davis Polk team are based in the New York office.
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