Davis Polk advised the representatives of the several initial purchasers in connection with an offering by Nissan Motor Co., Ltd. of (i) $1.5 billion aggregate principal amount of its 3.043% senior notes due 2023, (ii) $1.5 billion aggregate principal amount of its 3.522% senior notes due 2025, (iii) $2.5 billion aggregate principal amount of its 4.345% senior notes due 2027 and (iv) $2.5 billion aggregate principal amount of its 4.810% senior notes due 2030. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.

Davis Polk also advised the representatives of the several initial purchasers in connection with a concurrent offering by Nissan Motor of (i) €500 million aggregate principal amount of its 1.940% senior notes due 2023, (ii) €750 million aggregate principal amount of its 2.652% senior notes due 2026 and (iii) €750 million aggregate principal amount of its 3.201% senior notes due 2028. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.

Nissan Motor is a leading Japanese automobile manufacturer with worldwide operations, selling vehicles under the Nissan, Infiniti and Datsun brands.

The Davis Polk capital markets team included partner Jon Gray, counsel Christopher Kodama and associates Chihiro Sasaki and Paul Lee. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

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