Davis Polk – General Dynamics Corporation $1.5 Billion Notes Offering

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering by General Dynamics Corporation of $500 million aggregate principal amount of 1.375% notes due 2015, $500 million aggregate principal amount of 2.25% notes due 2016 and $500 million aggregate principal amount of 3.875% notes due 2021. The notes are fully and unconditionally guaranteed by certain subsidiaries of General Dynamics.

Headquartered in Falls Church, Virginia, General Dynamics offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding design and construction; and information systems, technologies and services. 
The Davis Polk corporate team included partner Richard A. Drucker and associates Phoebe Nel, Connor Kuratek (not yet admitted) and Joshua Dugan. Partner Michael Mollerus and associate Anthony L. Oliva provided tax advice. Counsel Loyti Cheng and associate Adam Riedel provided environmental advice. Jack S. Keating was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.