Masco’s $1.5 Billion Notes Offering

Davis Polk advised the representatives of the underwriters in the offering.

Masco Corporation completed the offering of $600 million aggregate principal amount of its 1.500% notes due 2028, $600 million aggregate principal amount of its 2.000% notes due 2031 and $300 million aggregate principal amount of its 3.125% notes due 2051.

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Its portfolio of industry-leading brands includes BEHR paint, DELTA and HANSGROHE faucets, bath and shower fixtures, KICHLER decorative and outdoor lighting, LIBERTY branded decorative and functional hardware and HOT SPRING spas.

The Davis Polk corporate team advising Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters, included partner John B. Meade (Picture) and associates David Li and Tanu Sinha. Partner Po Sit and associate Liang Zhang provided tax advice. 

Involved fees earner: David Li – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Tanu Sinha – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Liang Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; J.P. Morgan Securities LLC;

Author: Martina Bellini