Visa Inc. Issues $2.5 Billion Bond Offering

September 11, 2017

Visa Inc. issued an aggregate of $2.5 billion of debt securities in its second bond offering since its 2008 initial public offering. The offering comprised $1.0 billion principal amount of 2.150% global notes due 2022, $750 million principal amount of 2.750% global notes due 2027 and $750 million principal amount of 3.650% global notes due 2047. The proceeds from the sale of the notes are being used by Visa Inc. for general corporate purposes, including the redemption of $1.75 billion aggregate principal amount of its outstanding 1.200% senior notes due December 2017. Visa Inc. is a global payments technology company with a presence in more than 200 countries and a market capitalization of more than $230 billion.
The notes were sold under a shelf registration statement that Visa had filed with the SEC. S&C represented the underwriters.
The S&C team was led by Catherine Clarkin, along with James Shea and Amy Dreisiger. Yael Tzipori provided valuable assistance during the course of the transaction. Jeffrey Hochberg, Saul Brander, Daniel Bleiberg and Lauren Citrome advised on tax matters, and Jeffrey Hochberg and Andrew Motten advised on ERISA matters.