The investment-grade debt offering is composed of four tranches

Davis Polk advised the joint book-running managers and representatives of the several initial purchasers in connection with the Rule 144A / Regulation S notes offering by Nestlé Holdings, Inc. of $1 billion aggregate principal amount of 5.250% notes due 2026, $850 million aggregate principal amount of 5.000% notes due 2028, $500 million aggregate principal amount of 4.950% notes due 2030 and $650 million aggregate principal amount of 4.850% notes due 2033. The notes are guaranteed by Nestlé S.A., the indirect parent company of the issuer.

Nestlé is the world’s largest food and beverage company. Nestlé has more than 2,000 brands ranging from global icons to local favorites and is present in 188 countries around the world.

The Davis Polk capital markets team included partner John B. Meade and associates Jakub P. Jozwiak and Samuel S. Vallejo. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

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