Eli Lilly $1.1 Billion Notes Offering

Davis Polk advised the joint book-running managers in connection with a registered offering by Eli Lilly and Company of $1.1 billion aggregate principal amount of senior notes, consisting of $850 million of its 2.500% notes due 2060 and $250 million of its 2.250% notes due 2050.

Eli Lilly and Company is a worldwide research-based pharmaceutical company. The company was incorporated in 1901 in Indiana to succeed to the drug manufacturing business founded in Indianapolis, Indiana in 1876 by Colonel Eli Lilly, and is focused on the discovery, development, manufacture, marketing and sale of human pharmaceutical products.

The Davis Polk corporate team included partner John G. Crowley and associates Jennifer Ying Lan and Timothy J. Sullivan. The tax team included partner Mario J. Verdolini and associate Alexander J. Hendin. The environmental team included counsel Loyti Cheng and associate Michael Comstock. The intellectual property and technology transactions team included partner David R. Bauer and associate Yifu Chen. All members of the Davis Polk team are based in the New York office.