Davis Polk & Wardwell LLP advised Telefónica, S.A. and Telefónica Emisiones, S.A.U. on an SEC-registered $2 billion aggregate principal amount off-the-shelf notes offering by Telefónica Emisiones, S.A.U., fully guaranteed by Telefónica, S.A.
The offering consisted of $750 million aggregate principal amount of 4.665% fixed-rate senior notes due 2038 and $1.25 billion aggregate principal amount of 4.895% fixed-rate senior notes due 2048.
Telefónica is a diversified telecommunications group that p rovides a comprehensive range of services through one of the world’s largest and most modern telecommunications networks. Telefónica is the leading provider of fixed-line telephone, wireless communications, Internet access and data transmission services in Spain and in several Latin American markets. The company, led by Jose Maria Alvarez-Pallete Lopez, Laura Abasolo Garcia De Baquedanoand Angel Vila Boix, in 2017 recorded $52 Billion Revenues.
The Davis Polk corporate team included partner Michael J. Willisch (Picture) and associate Thomas K. Wiesner II. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Associate Jennifer Wang provided 1940 Act advice.
Involved fees earner: Michael Willisch – Davis Polk & Wardwell; Thomas Wiesner – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Kelli Rivers – Davis Polk & Wardwell; Jennifer Wang – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;