We advised Mastercard on its investment-grade debt offering

Davis Polk advised Mastercard Incorporated in connection with its SEC-registered debt offering of $500 million aggregate principal amount of floating-rate senior notes due 2028, $1.25 billion aggregate principal amount of 4.325% senior notes due 2028, $1.15 billion aggregate principal amount of 4.425% senior notes due 2029, $1.35 billion aggregate principal amount of 4.600% senior notes due 2031 and $750 million aggregate principal amount of 5.000% senior notes due 2036. J.P. Morgan Securities LLC, Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, NatWest Markets Securities Inc., Santander US Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC acted as representatives of the underwriters for the notes offering.

Mastercard powers economies and empowers people in over 200 countries and territories worldwide. The company supports a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Mastercard combines technology and innovation, partnerships and networks to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer (Ying) Lan and associate Lik Hang (Lincoln) Jim. The tax team included partners Ethan R. Goldman and Kara L. Mungovan and associates Michael Hsieh and Serena Cheng. Counsel Sarah E. Kim and associates Eric Spiniello and Gianmarco Dedós Capote provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Washington DC offices.