The investment-grade notes are due 2028 and 2032

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of €650 million of 3.250% notes due 2028 and €850 million of 3.375% notes due 2032 by Illinois Tool Works Inc.

Illinois Tool Works, located in Glenview, Illinois, is a global manufacturer of a diversified range of industrial products and equipment with operations in 51 countries. Illinois Tool Works’ operations are aggregated into seven external reportable segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products.

The Davis Polk corporate team included partner Byron B. Rooney, counsel Jennifer Ying Lan and Chris Van Buren and associates Steven Glendon and Maggie Li. Partner Mario J. Verdolini and associates Michael Mirabella and Katherine S. Xiu provided tax advice. All members of the Davis Polk team are based in the New York office.