Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $3 billion aggregate principal amount of 3.7% senior notes due 2024. The lead manager for the underwriters was Morgan Stanley & Co. LLC.  

The Davis Polk corporate team included partner Christopher S. Schell and counsel Michael Steinberg. The tax team included partners Lucy W. Farr and Rachel D. Kleinberg and associates Andrew A. Smith and J. David Connelly. Partner Gregory S. Rowland and associate Jake H. Wang provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Menlo Park offices.