Snap-on Incorporated $300 Million Notes Offering
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by Snap-on Incorporated of $300 million aggregate principal amount of its 3.250% notes due 2027.
Snap-on is a global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Originally incorporated in 1920, it currently markets its products and brands through sales distribution channels in over 130 countries.
The Davis Polk capital markets team included partner Byron B. Rooney and associates Martin Oberst and Marisa T. Kirio. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. The environmental team included counsel Loyti Cheng. Members of the Davis Polk team are based in the New York and London offices.