Davis Polk Advises Toyota Motor Credit Corporation on Its $750 Million Offering in Taiwan

Davis Polk advised Toyota Motor Credit Corporation in connection with an SEC-registered offering in Taiwan of $750 million aggregate principal amount of 4.250% medium-term notes, Series B due 2045. The notes were settled in Euroclear and Clearstream and are listed on the Taipei Exchange (formerly the GreTai Securities Market) and offered to professional institutional investors.

Toyota Motor Credit Corporation provides retail and wholesale financing, retail leasing and certain other financial services to authorized Toyota and Lexus vehicle and Toyota industrial equipment dealers and their customers in the United States (excluding Hawaii) and Puerto Rico. Toyota Motor Credit Corporation is an indirect wholly owned subsidiary of Toyota Motor Corporation of Japan.

The Davis Polk corporate team included partner Sarah E. Beshar and associates Michael J. Moldowan, Jennifer Pinchevsky, Jeremy Larkins and Jie Zhang. Partners Lucy W. Farr and Rachel D. Kleinberg and associate Koonho Cho provided tax advice. Members of the Davis Polk team are based in the New York, Menlo Park and Beijing offices.

www.davispolk.com


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