Emerson €1 billion and $500 million notes offering
The investment-grade debt consists of three tranches of notes
Davis Polk advised the underwriters in connection with an SEC-registered offering by Emerson Electric Co. of $500 million aggregate principal amount of 5.000% notes due 2035.
Davis Polk also advised the underwriters in connection with an SEC-registered offering by Emerson of €500 million aggregate principal amount of 3.000% notes due 2031 and €500 million aggregate principal amount of 3.500% notes due 2037.
Emerson, headquartered in St. Louis, Missouri, is a global technology and software company that provides innovative solutions for customers in a wide range of end markets around the world. Through its leading automation portfolio, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals.
The Davis Polk corporate team included partner John B. Meade and associates Carlos Escandón Alcocer and Syma Birenbaum. Partner Michael Mollerus and associate Kelsey Nelson provided tax advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.