Zoetis $1.35 billion senior notes offering
The investment-grade notes are due 2025 and 2032
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Zoetis Inc. of $600 million aggregate principal amount of its 5.400% senior notes due 2025 and $750 million aggregate principal amount of its 5.600% senior notes due 2032.
Zoetis is a global leader in the animal health industry, focused on the discovery, development, manufacture and commercialization of medicines, vaccines, diagnostic products and services, biodevices, genetic tests and precision animal health technology.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associate Prince Kudolo. The tax team included partner Po Sit and associate Bradford Sherman. The environmental team included counsel Michael Comstock and associate Timothy J. Sullivan. The intellectual property and technology transactions team included partner David R. Bauer and associate Alison T. Chin. All members of the Davis Polk team are based in the New York office.