Nissan Motor’s $8 Billion Senior Notes Offering and €2 Billion Senior Notes Offering

Simpson Thacher represented Nissan Motor Co., Ltd. in the transaction.

Nissan Motor Co., Ltd. (“Nissan”) executed an offering of $8 billion aggregate principal amount of Senior Notes issued in four series with maturities ranging from 2023 to 2030 and a Rule 144A/Regulation S offering of €2 billion aggregate principal amount of Senior Notes issued in three series with maturities ranging from 2023 to 2028.

Nissan is a leading Japanese automobile manufacturer with worldwide operations, selling its vehicles under the Nissan, Infiniti and Datsun brands. Nissan also provides financing services to its customers through its finance subsidiaries in Japan and in its various international markets.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Mizuho Securities USA LLC acted as representatives of the initial purchasers for the U.S. dollar-denominated notes and Morgan Stanley & Co. International plc, J.P. Morgan Securities plc, Citigroup Global Markets Limited and Mizuho International plc acted as representatives of the initial purchasers for the euro-denominated notes.

The Simpson Thacher team for Nissan Motor in the transaction included Alan Cannon (Picture), David Snowden, Michael Young and Daisuke Ueta (Capital Markets); Jonathan Cantor and Suzy Yaster (Tax); and Jeanne Annarumma (ERISA).

Involved fees earner: Michael Young – Latham & Watkins; Jeanne Annarumma – Simpson Thacher & Bartlett; Alan Cannon – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; David Snowden – Simpson Thacher & Bartlett; Daisuke Ueta – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Latham & Watkins; Simpson Thacher & Bartlett;

Clients: Nissan Motor;

Author: Michael Patrini