We advised the joint book-running managers on the offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Xylem Inc. of $500 million aggregate principal amount of its 5.25% senior notes due 2029, $500 million aggregate principal amount of its 5.45% senior notes due 2032 and $500 million aggregate principal amount of its 5.85% senior notes due 2037. Xylem intends to use the net proceeds from the sale of the notes, together with cash on hand, to finance all or a portion of the purchase price payable for certain acquisition, to pay associated costs and expenses and for general corporate purposes.

Xylem is a leading global water technology company that designs, manufactures and services highly engineered products and solutions across a wide variety of critical applications in utility, industrial, residential and commercial building services settings. Its broad portfolio of solutions addresses customer needs across the water cycle, from the delivery, measurement and use of drinking water to the collection, test, treatment and analysis of wastewater to the return of water to the environment.

The Davis Polk corporate team included partner Derek Dostal and associates Monica Gottesman and Steven Yang. All members of the Davis Polk team are based in the New York office.

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