Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC as underwriters in connection with a public offering by International Business Machines Corporation of $1.5 billion principal amount of its 0.55% notes due 2015 and $1 billion principal amount of its 1.25% notes due 2017.

The Davis Polk team included partner Alan Dean and associate Sarah Ashfaq. Partner Michael Mollerus and associate Ethan R. Goldman provided tax advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.