Morgan Stanley Completes $8 Billion Global Offering of Senior Notes with Davis Polk's Legal Guidance

"Davis Polk advised Morgan Stanley on its SEC-registered global offering of $8 billion in senior notes, which includes various fixed and floating-rate notes maturing between 2029 and 2036. The notes' interest rates are linked to the Secured Overnight Financing Rate (SOFR). The advisory team comprised partners and associates from Davis Polk's New York office, specializing in corporate, tax, and 1940 Act matters."

Davis Polk & Wardwell LLP advised Morgan Stanley in connection with its SEC-registered global offering of senior notes. The transaction involved an aggregate principal amount of $8 billion, which included $400 million in floating-rate notes due 2029, $2.1 billion in fixed-to-floating-rate notes due 2029, $2.5 billion in fixed-to-floating-rate notes due 2031, and $3 billion in fixed-to-floating-rate notes due 2036. The floating interest rate periods for the notes are based on the Secured Overnight Financing Rate (SOFR), compounded daily over each quarterly interest payment period. The Davis Polk team included partner Christopher S. Schell, counsel Vidal Vanhoof, and associates Kirsten Flicker and Yongming Wu from the corporate team. The tax team comprised partner Lucy W. Farr, counsel David S. Fisher, and associate Adam M. Ackerman. Additionally, partner Gregory S. Rowland, along with counsel Sarah E. Kim and Leon E. Salkin, provided advice related to the 1940 Act. All members of the Davis Polk team are based in the New York office.

Morgan Stanley Completes $8 Billion Global Offering of Senior Notes with Davis Polk's Legal Guidance

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