The investment-grade debt consists of five tranches

Davis Polk advised the underwriters in connection with a public offering by International Business Machines Corporation of $650 million aggregate principal amount of its 2.200% notes due 2027, $500 million aggregate principal amount of its 2.720% notes due 2032 and $650 million aggregate principal amount of its 3.430% notes due 2052. Davis Polk also advised the underwriters in connection with a public offering by International Business Machines Corporation of €1 billion principal amount of its 0.875% notes due 2030 and €1 billion principal amount of its 1.250% notes due 2034.

The Davis Polk team included partner John B. Meade, counsel Jennifer Ying Lan and associate Courtney Y. Sohn. Counsel Ethan R. Goldman and associate Dov Sussman provided tax advice. European counsel John Taylor provided European regulatory advice. Members of the Davis Polk team are based in the New York and London offices.

Copy link to share post