We advised Nissan Motor on the offerings

Davis Polk advised Nissan Motor Co., Ltd. on its Rule 144A / Regulation S concurrent offerings of $1 billion aggregate principal amount of 7.500% senior notes due 2030, $750 million aggregate principal amount of 7.750% senior notes due 2032, $1.25 billion aggregate principal amount of 8.125% senior notes due 2035, and €800 million aggregate principal amount of 5.250% senior notes due 2029 and €500 million aggregate principal amount of 6.375% senior notes due 2033. The notes are listed on the Luxembourg Stock Exchange.

Concurrently with, and separately from, the offering of the senior notes, Nissan Motor offered ¥200 billion in aggregate principal amount of 1.0% convertible bonds due 2031 in reliance on Regulation S. The total amount of proceeds of all offerings is approximately $5.85 billion.

Nissan Motor is a leading Japanese automobile manufacturer with worldwide operations, selling vehicles under the Nissan and Infinity brands.

The Davis Polk capital markets team included partner Christopher Kodama and associates Maarten van der Plas and Yoshi Kusama Sanders. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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