We advised Morgan Stanley on its SEC-registered global offering

Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $5.5 billion aggregate principal amount of senior notes, consisting of $2.25 billion fixed-to-floating-rate notes due 2030 and $3.25 billion fixed-to-floating-rate notes due 2035. During each of the floating interest rate periods, 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 associates Nicollette Farkas and Kirsten Flicker. The tax team included partner Lucy W. Farr, counsel David S. Fisher and associate Zoey Chau. 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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