We advised Nuveen on the investment-grade debt offering

Davis Polk advised Nuveen, LLC in connection with a Rule 144A / Regulation S offering of $500 million aggregate principal amount of its 5.550% senior notes due 2030 and $750 million aggregate principal amount of its 5.850% senior notes due 2034. Nuveen intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, the repayment of $1 billion aggregate principal amount of 4.125% senior notes due 2024 previously issued by Nuveen Finance, LLC, a wholly owned subsidiary of Nuveen.

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. As of December 31, 2023, Nuveen has $1.2 trillion in assets under management and 37 global office locations. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.

The Davis Polk corporate team included partners Shane Tintle and Roshni Banker Cariello, counsel Robert (Bodie) Stewart and associates Claudia Carvajal Lopez, Logan Crossley and Vivian Liu. The tax team included partner Kara L. Mungovan and associate Alanna Phillips. Counsel Charles Shi provided ERISA advice. Associate Jonathan P. Jackson provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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