Davis Polk Advises Comcast on Its $3 Billion Notes Offering

Thursday, January 17, 2013

Davis Polk advised Comcast Corporation on its SEC-registered debt offering of $750 million aggregate principal amount of 2.85% notes due 2023, $1.7 billion aggregate principal amount of 4.25% notes due 2033 and $500 million aggregate principal amount of 4.5% notes due 2043. The offering was made through an underwriting syndicate led by Barclays Capital Inc., Goldman, Sachs & Co., RBS Securities Inc., Deutsche Bank Securities Inc. and UBS Securities LLC.

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley

Willkie Advises Allstate in $500 Million Hybrid Securities Offering and Restructuring of Replacement Capital Covenants

Thursday, January 17, 2013

On January 10, Willkie client The Allstate Corporation closed its $500 million offering of 5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053. J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as joint book-running managers for the offering. The Subordinated Debentures received partial equity credit according to the rating agencies’ hybrid methodology.

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Tags:  Willkie Farr & Gallagher LLP | New York