Davis Polk Advises BMW on Its $2.2 Billion Notes Offering
4/6/2017

Davis Polk advised BMW Group in connection with its Rule 144A/Regulation S offering of (i) $600 million aggregate principal amount of 2.150% notes due 2020, (ii) $600 million aggregate principal amount of 2.700% notes due 2022, (iii) $500 million aggregate principal amount of 3.300% notes due 2028, (iv) $250 million aggregate principal amount of floating-rate notes due 2020 and (v) $250 million aggregate principal amount of floating-rate notes due 2022, in each case issued by BMW US Capital, LLC and guaranteed by Bayerische Motoren Werke AG. 

BMW Group is a maker of premium and luxury cars and motorcycles worldwide and among the largest industrial companies in Germany. With BMW, MINI and Rolls-Royce, BMW Group owns three of the strongest premium and luxury brands in the automotive industry. In Europe, the United States and China, BMW Group also offers its customers financial services and individually tailored solutions for urban mobility, including car sharing and on-demand mobility through DriveNow and ReachNow as well as parking and electric charging solutions through ParkNow and ChargeNow. BMW Group has a worldwide workforce of approximately 125,000 employees.

The Davis Polk corporate team included partner John Banes and associates Matt Hart and Josef Schmidt, providing U.S. advice, and European counsel John Taylor, providing U.K. advice. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. All members of the Davis Polk team are based in the London office.