November 18, 2004 – LAWFUEL – Banking law, law, law firm, legal news – Davis Polk & Wardwell advised the underwriters on an SEC-registered offering by BellSouth Corporation of three tranches of notes in aggregate principal amount of $2 billion. The three tranches consisted of $500 million of floating-rate notes due 2007, $800 million of 4.75-percent notes due 2012 and $700 million of 6.0-percent notes due 2034. We advised J.P. Morgan Securities Inc. and Lehman Brothers Inc. as joint bookrunners on all series of notes and Goldman, Sachs & Co. as a joint bookrunner on the 2012 notes and Morgan Stanley & Co. Incorporated as a joint bookrunner on the 2034 notes.
Based in Atlanta, Georgia, BellSouth is a Fortune 100 communications services company that serves over 45 million local, long-distance, Internet and wireless customers in the United States and 13 other countries and provides an array of voice, broadband data and e-commerce solutions to business customers.
The Davis Polk corporate team included partner Charles S. Whitman III, associates A. Omiyinka Doris, Justin G. Powell and Kristine F. Treglia and legal assistant Christopher A. Ryan. All members of the Davis Polk team work in the New York office.