Textron Inc. $350 Million Floating-Rate Notes Offering
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by Textron Inc. of $350 million aggregate principal amount of its floating-rate notes due 2020.
Headquartered in Providence, Rhode Island, Textron is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative products and services around the world. Textron conducts its business through five operating segments: Textron Aviation, Bell, Textron Systems and Industrial, which represent its manufacturing businesses, and Finance, which represents its finance business.
The Davis Polk corporate team included partners Richard A. Drucker and John G. Crowley and associates Stephen A. Byeff and Heita Miki. Partner Rachel D. Kleinberg and associate Caroline E. Dayton provided tax advice. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Members of the Davis Polk team are based in the New York and Northern California offices.