Davis Polk advised Sumitomo Life Insurance Company on a Rule 144A/Regulation S offering of $1.34 billion aggregate principal amount of 4.00% step-up callable subordinated notes due 2077. 

Sumitomo Life is one of the largest private life insurance companies in Japan in terms of both assets and revenues. 

The Davis Polk corporate team included partner Jon Gray, counsel Christopher J. Kodama and associates Mari Foster and Alexander Coley. Partner John D. Paton, counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Associate Sijia Cai provided 1940 Act advice. Counsel Charles Shi and associate Timothy John Durbin provided executive compensation advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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