Davis Polk – NIKE $1 Billion Notes Offering

Davis Polk advised Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the underwriters in connection with a $1 billion SEC-registered notes offering by NIKE, Inc., consisting of $500 million aggregate principal amount of its 2.25% notes due 2023 and $500 million aggregate principal amount of its 3.625% notes due 2043.

NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Christopher J. Kodama and Adam Gottesfeld. Partner Rachel D. Kleinberg provided tax advice. Cassandra Aguirre was the legal assistant on the transaction. All members of the Davis Polk team are based in the Menlo Park office.

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