Davis Polk is advising the U.S. Department of the Treasury (Treasury) in connection with its $6 billion offering of its American International Group (AIG) common stock. Davis Polk is also advising Treasury in connection with its agreements with AIG that provide for the repayment of the government’s remaining $8.5 billion preferred equity investment in the AIG-owned entity AIA Aurora LLC, a special-purpose vehicle that holds ordinary shares in AIA Group Limited.

AIG is a leading international insurance organization serving customers in more than 130 countries. AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo. 

The Davis Polk capital markets team includes partner John M. Brandow and associate Robby Sen. The M&A team includes partners John K. Knight and William J. Chudd and associate Harold Birnbaum. The credit team includes partner Bjorn Bjerke and associate Eli James Vonnegut. The tax team includes partner Kathleen L. Ferrell. All members of the Davis Polk team are based in the New York office.