IBM’s €3.75 Billion Notes Offering


Davis Polk advised the underwriters in connection with the public offering by International Business Machines Corporation (IBM).

International Business Machines Corporation completed the offering of €1.3 billion principal amount of its 0.300% notes due 2028, €1.6 billion principal amount of its 0.650% notes due 2032 and €850 million principal amount of its 1.200% notes due 2040.

Barclays Bank PLC, BNP Paribas, HSBC Bank plc, RBC Europe Limited, ING Bank N.V., Belgian Branch, Société Générale, and Wells Fargo Securities, LLC acted as underwriters for the offering.

The Davis Polk corporate team included partner John B. Meade (Picture) and associate Michael F. Power. Counsel Ethan R. Goldman and associate Rebecca A. Rosen provided tax advice. European counsel John Taylor and associate James Harmer provided European regulatory advice.

Involved fees earner: Ethan Goldman – Davis Polk & Wardwell; James Harmer – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Michael Power – Davis Polk & Wardwell; Rebecca Rosen – Davis Polk & Wardwell; John Taylor – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Bank; BNP Paribas; Hsbc Bank plc; ING Bank, Belgian Branch; RBC Europe Limited; Société Générale; Wells Fargo Securities;