The investment-grade notes are due 2028 and 2033

Davis Polk advised the representatives of the underwriters on an SEC-registered offering of $350 million aggregate principal amount of 4.345% fixed-rate/floating-rate senior notes due 2028 and $450 million aggregate principal amount of 4.570% fixed-rate/floating-rate senior notes due 2033 by SVB Financial Group.

Based in Santa Clara, California, SVB Financial Group is a diversified financial services company, as well as a bank holding company and a financial holding company, offering a diverse set of banking and financial products and services to clients across the United States and in key international innovation markets.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Alex DeGroat and Jiachen (Lucy) Wang. Partner Michael Farber and associate Justin Corvino provided tax advice. Counsel Daniel E. Newman and associate Russell Quarles provided financial institutions advice. Members of the Davis Polk team are based in the Northern California and New York offices.