Mitsubishi HC Finance America $500 million guaranteed notes offering
We advised Mitsubishi HC Finance America and Mitsubishi HC Capital on the guaranteed senior notes offering
Davis Polk advised Mitsubishi HC Finance America LLC, a U.S. finance subsidiary of Mitsubishi HC Capital Inc., in connection with its Rule 144A / Regulation S offering of $500 million aggregate principal amount of 5.807% senior notes due 2028. The notes are senior unsecured obligations of Mitsubishi HC Finance America and are unconditionally guaranteed on a senior unsecured basis by Mitsubishi HC Capital. The notes are listed on the Singapore Exchange Securities Trading Limited.
Mitsubishi HC Capital is a leading comprehensive non-bank financial company headquartered in Japan, born from the business integration of Mitsubishi UFJ Lease & Finance Company Limited and Hitachi Capital Corporation in April 2021. Mitsubishi HC Finance America acts as a finance subsidiary aiming to enhance U.S. dollar funding capacity that supports Mitsubishi HC Capital group’s overseas expansion, especially in the United States.
The Davis Polk corporate team included partners Christopher Kodama and Jon Gray and associates Dylan H. Lojac and Ayano Kitano. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Counsel Leon E. Salkin and Sarah E. Kim provided 1940 Act advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.