Davis Polk advised BMW Group in connection with its debut Rule 144A/Regulation S offering of (i) $1.5 billion aggregate principal amount of 1.50% notes due 2019, (ii) $1.5 billion aggregate principal amount of 2.00% notes due 2021, and (iii) $1.0 billion aggregate principal amount of 2.80% notes due 2026, in each case issued by BMW US Capital, LLC and guaranteed by Bayerische Motoren Werke AG.

The BMW Group is one of the most successful makers of premium and luxury cars and motorcycles worldwide and among the largest industrial companies in Germany. With BMW, MINI and Rolls-Royce, the BMW Group owns three of the strongest premium and luxury brands in the automotive industry. The vehicles it manufactures set high standards in terms of aesthetics, dynamics, technology and quality, a fact borne out by the BMW Group’s strong position in engineering and innovation both in the automotive and in the motorcycle sectors. Additionally, the BMW Group also offers its customers a successful range of financial services. In recent years, the Group has also established itself in Germany and certain European markets as a leading provider of premium services for individual mobility. BMW Group has a worldwide workforce of approximately 120,000 employees.

The Davis Polk corporate team included partner John Banes and associate Matt Hart, providing U.S. advice, and European counsel John Taylor, providing U.K. advice. Counsel Alon Gurfinkel and associate Nicholas A. Machen provided tax advice. All members of the Davis Polk team are based in the London office.