The Toronto-Dominion Bank $2 Billion Notes Offering

Davis Polk advised the lead managers on an SEC-registered offering by TD Bank of (i) $1 billion aggregate principal amount of its 3.150% senior notes due 2020 and (ii) $1 billion aggregate principal amount of its floating-rate senior notes due 2020, under its medium-term notes program.

TD Securities, BofA Merrill Lynch, Citigroup and Goldman Sachs & Co. acted as Joint Book-Running Managers on the offering.

TD is the sixth-largest bank in North America by branches and serves 25 million customers in three key businesses operating in a number of locations in financial centers around the globe. TD also ranks among the world’s leading online financial services firms, with approximately 12 million active online and mobile customers.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick (Picture), counsel Jeffrey S. Ramsay and Daniel E. Newman and associates Andrew J. Terjesen and Nancy Lee. The tax team included partner Po Sit and associate K. Daniel Berman.


Involved fees earner: Deanna Kirkpatrick – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Daniel Newman – Davis Polk & Wardwell; Andrew Terjesen – Davis Polk & Wardwell; Nancy Lee – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; K. Daniel Berman – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Goldman, Sachs & Co.; TD Securities;


Author: Ambrogio Visconti