Abbott Laboratories’ $1.3 Billion Notes Offering

Wachtell, Lipton, Rosen & Katz acted as special counsel to Abbott Laboratories, while Davis Polk advised the joint book-running managers on the offering.

Abbott Laboratories executed the offering of $650 million aggregate principal amount of 1.150% notes due 2028 and $650 million aggregate principal amount of 1.400% notes due 2030. The net proceeds from the offering will be used for general corporate purposes, which may include, without limitation, the repayment of indebtedness.

Morgan Stanley & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., SG Americas Securities, LLC, HSBC Securities (USA) Inc., Santander Investment Securities Inc., Standard Chartered Bank, Goldman Sachs & Co. LLC, Banca IMI S.p.A., BBVA Securities Inc., ING Financial Markets LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., and Siebert Williams Shank & Co., LLC acted as underwriters for the offering.

Abbott is a global healthcare company that researches and manufactures a range of medical technologies. With a portfolio of leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Abbott serves people in more than 160 countries and employs approximately 107,000 people.

Davis Polk advised the joint book-running managers with a capital markets team which included partner Deanna L. Kirkpatrick (Picture), counsel Jeffrey S. Ramsay and associate Ariel Rivera. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Counsel Ethan R. Goldman and associate Sunny Kim provided tax advice. Partner Frank J. Azzopardi and associate Jay Frankel provided intellectual property advice.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Sunny Kim – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Ariel Rivera – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Banca IMI; Bank of America Securities; Barclays Capital ; BBVA Securities Inc.; BNP Paribas Securities; Citigroup Global Markets Ltd; Deutsche Bank Securities; Goldman Sachs & Co.; HSBC Securities; ING Financial Markets LLC; J.P. Morgan Securities LLC; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; RBC Capital Markets; Santander Investment Securities Inc.; SG Americas Securities LLC; Siebert Williams Shank & Co. LLC; Standard Chartered Bank; U.S. Bancorp Investments;

Author: Ambrogio Visconti