Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $2.25 billion aggregate principal amount of 4.35% subordinated notes due September 8, 2026. The underwriters for the offering were led by Morgan Stanley & Co. LLC, and included Mitsubishi UFJ Securities (USA), Inc., ABN AMRO Securities (USA) LLC, Apto Partners, LLC, Banca IMI S.p.A., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Commerz Markets LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., Lloyds Securities Inc., Mischler Financial Group, Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc.
The Davis Polk corporate team included partner Christopher S. Schell and associates Vidal Vanhoof and Andrew R. Pusar. The tax team included partner Lucy W. Farr and associate Andrew A. Smith. Associate Andrew S. Fei provided financial institutions advice. Associate Vanessa K. Rakel provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.
