Davis Polk advised the joint lead managers in connection with the debut SEC-registered takedown offering of senior notes by Toyota Motor Corporation, which consisted of $750 million aggregate principal amount of 3.183% senior notes due 2021, $750 million aggregate principal amount of 3.419% senior notes due 2023 and $500 million aggregate principal amount of 3.669% senior notes due 2028.

Toyota is a leading global producer of automobiles based in Japan. The company sells its vehicles, which include the Toyota and Lexus brands, in approximately 190 countries and regions, with primary markets in Japan, North America, Europe and Asia. Toyota also provides related financial services to dealers and their customers through Toyota Motor Credit Corporation and Toyota Financial Services. Toyota originally commenced business in 1933 as the automobile division of Toyota Industries Corporation and became a separate company in 1937.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher J. Kodama and associates Shinya Fujiwara and Alexander Coley. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

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