Toyota Motor Credit $650 million diversity and inclusion notes offering
We advised the company on the SEC-registered notes offering
Davis Polk advised Toyota Motor Credit Corporation in connection with an SEC-registered offering of $650 million aggregate principal amount of 5.000% diversity and inclusion medium-term notes, Series B due 2026.
Toyota Motor Credit Corporation provides a variety of finance and voluntary vehicle and payment protection products and services to authorized Toyota and Lexus dealers or dealer groups, private label dealers or dealer groups and, to a lesser extent, other domestic and import franchise dealers and their customers in the United States and Puerto Rico. Toyota Motor Credit Corporation is an indirect wholly owned subsidiary of Toyota Motor Corporation of Japan.
The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael J. Moldowan and associate Lisa Giglio Connor. Partner Lucy W. Farr and associate Spencer Pan provided tax advice. Members of the Davis Polk team are based in the New York and London offices.