W.W. Grainger, Inc. $400 Million Notes Offering
Davis Polk advised the joint book-running managers on an SEC-registered offering of $400 million aggregate principal amount of 3.75% senior notes due 2046.
Headquartered in Lake Forest, Illinois, W.W. Grainger is a broad-line distributor of maintenance, repair and operating supplies and other related products and services used by businesses and institutions. W.W. Grainger’s operations are primarily in the United States and Canada with a presence in Europe, Asia and Latin America.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Kate Darracott, Eugene Baek and Win Rutherfurd. Associate Lena X. Qiu provided tax advice. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.