Davis Polk advised ORIX Corporation in connection with its SEC-registered shelf takedown of $400 million aggregate principal amount of 5% notes due 2016. This was a reopening of ORIX’s January 2011 offering. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, UBS Securities LLC, Nomura Securities International, Inc. and Citigroup Global Markets Inc. were the joint bookrunners for the offering.
ORIX, listed on NYSE and the Tokyo Stock Exchange, is an integrated financial services group based in Tokyo, Japan, which provides innovative value-added products and services to both corporate and retail customers. With operations in 27 countries and regions worldwide, ORIX’s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, trust and banking and loan servicing.
The Davis Polk team included partner Theodore A. Paradise, associates Christopher J. Kodama, Daniel E. Newman and Jesse Gillespie, and legal assistants Nozomi Kameyama, Yuko Ema and Emma Ko, all of the Tokyo office. Partner John D. Paton and associate Sarah Joy of the London office provided tax advice. Associate Catherine L. Martin of the New York office provided ’40 Act advice.
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