Davis Polk Advised Toyota Motor Credit On Its $2.25 Billion Notes Offering

Davis Polk advised Toyota Motor Credit on its $2.25 billion notes offering

Davis Polk & Wardwell LLP advised Toyota Motor Credit Corporation in connection with its SEC-registered notes offering of $500 million aggregate principal amount of floating-rate medium-term notes, Series B due 2027 linked to compounded SOFR; $1 billion aggregate principal amount of 4.500% medium-term notes, Series B due 2027; and $750 million aggregate principal amount of 4.800% medium-term notes, Series B due 2030.

Toyota Motor Credit Corporation provides finance and voluntary vehicle and payment protection products and services to Toyota and Lexus dealers and their customers across the United States and Puerto Rico. It is an indirect wholly owned subsidiary of Toyota Motor Corporation of Japan.

The Davis Polk team was led by Christopher S. Schell (Partner), with support from Michael Moldowan (Counsel), Lisa Giglio Connor (Associate), and Maria Vlachou (Associate). Tax advice was provided by Aliza Slansky (Partner), Yixuan Long (Counsel), and Zoey Chau (Associate). All team members are based in the firm’s New York office.

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