Toronto-Dominion Bank $4.5 billion notes offering
The investment-grade offering included multiple tranches of notes
Davis Polk advised the lead managers on an SEC-registered offering by TD Bank of (i) $1 billion aggregate principal amount of its 0.700% senior notes due 2024, (ii) $900 million aggregate principal amount of its floating-rate senior notes due 2024, (iii) $1.4 billion aggregate principal amount of its 1.250% senior notes due 2026, (iv) $300 million aggregate principal amount of its floating-rate senior notes due 2026 and (v) $900 million aggregate principal amount of its 2.000% senior notes due 2031, under its medium-term notes program.
TD serves over 26 million customers in three key businesses operating in a number of locations in financial centers around the globe. TD also ranks among the world’s leading online financial services firms, with more than 15 million active online and mobile customers.
The Davis Polk corporate team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associates Clare Conroy, Christian Knoble and Livia Maas. The tax team included partner Po Sit. Counsel Daniel E. Newman and associate Tyler X. Senackerib provided financial institutions advice. All members of the Davis Polk team are based in the New York office.