We advised Morgan Stanley on its SEC-registered global offering

Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $3 billion aggregate principal amount of fixed-to-floating-rate notes due 2055. During the floating interest rate period, the notes bear interest by reference to the Secured Overnight Financing Rate, or SOFR, compounded daily over each quarterly interest payment period.

The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael Steinberg and associate Yongming Wu. The tax team included partner Lucy W. Farr and counsel David S. Fisher. Partner Gregory S. Rowland and counsel Leon E. Salkin provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

 

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