Toronto assists Visa Inc. on completed US$3.25bn offering of senior notes

Canada | December 07, 2020

Client: Visa Inc.

Our Toronto office assisted Visa Inc. on its completed US$3.25bn offering of senior notes, which included US$500m of 0.750% senior notes due 2027, US$1.0bn of 1.100% senior notes due 2031 and US$1.750bn of 2.000% senior notes due 2050. The proceeds of the offering of the notes are to be used by Visa for certain “eligible green projects” and for general corporate purposes.

The offering was made through a syndicate of underwriters consisting of BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Standard Chartered Bank, TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., Loop Capital Markets LLC, Guzman & Company, Mischler Financial Group, Inc., Samuel A. Ramirez & Company,  Inc., and Siebert Williams Shank & Co., LLC.

The team included Troy Ungerman, Pierre Dagenais, and Sean Williamson.