"Davis Polk Advises Sumitomo Life Insurance on $1.2 Billion Subordinated Notes Offering"

"Davis Polk advised Sumitomo Life Insurance Company on a $1.2 billion offering of 5.875% callable subordinated notes due in 2055. Sumitomo Life is a leading private life insurance company in Japan, holding a significant market share in the country's life insurance sector. The advisory team included various legal and tax experts from Davis Polk's offices in Tokyo, New York, and London."

Davis Polk & Wardwell LLP advised Sumitomo Life Insurance Company in a Rule 144A / Regulation S offering of $1.2 billion aggregate principal amount of 5.875% step-up callable subordinated notes due 2055. The transaction involved one of Japan's largest private life insurance companies, which holds a significant market share in the country's life insurance sector, the fourth-largest in the world by premium volume. The Davis Polk corporate team included partner Christopher Kodama and associates Haruka Moriya, Akiko Okamoto, and Andrew Masaru Orita. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice, while associates Saloni Pant and Jessica Carter offered 1940 Act advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, New York, and London offices.

"Davis Polk Advises Sumitomo Life Insurance on $1.2 Billion Subordinated Notes Offering"

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