Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of €600 million of 0.250% notes due 2024, €500 million of 0.625% notes due 2027 and €500 million of 1.000% notes due 2031 by Illinois Tool Works Inc.
Illinois Tool Works, located in Glenview, Illinois, is a global manufacturer of a diversified range of industrial products and equipment with operations in 55 countries. Illinois Tool Works’ operations are aggregated into seven external reportable segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products.
The Davis Polk corporate team included partner Byron B. Rooney and associate Joseph S. Payne. Partner Mario J. Verdolini and associate Tomislava Dragicevic provided tax advice. All members of the Davis Polk team are based in the New York office.