Illinois Tool Works Inc. €1 Billion Notes Offering
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of €500 million of 1.250% notes due 2023 and €500 million of 2.125% notes due 2030 by Illinois Tool Works Inc.
Illinois Tool Works, located in Glenview, Illinois, is a global manufacturer of a diversified range of industrial products and equipment with operations in 57 countries. Illinois Tool Works’ operations are aggregated into seven external reportable segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products.
The Davis Polk corporate team included partner Richard A. Drucker and associates Courtney Collins and Radoslaw Michalak. Partner Michael Farber and associate Brian Harris provided tax advice. Members of the Davis Polk team are based in the New York and London offices.