Shearman & Sterling represented The Dow Chemical Company in connection with a $2.75 billion underwritten public offering of debt securities, including $250 million aggregate principal amount of floating rate notes due 2011, $1.25 billion aggregate principal amount of 4.85% notes due 2012, and $1.25 billion aggregate principal amount of 5.90% notes due 2015. Dow intends to use the net proceeds of the offering to repay borrowings under the Company’s bridge loan, and for refinancing of other outstanding indebtedness. Borrowings under the bridge loan were incurred to pay a portion of the purchase price for Dow’s acquisition of Rohm and Haas Company.

The following Shearman & Sterling attorneys represented The Dow Chemical Company in the transaction: partner Joel Klaperman (New York-Capital Markets), and associates Dorrie Yale (New York-Capital Markets), Summer Kim (New York-Capital Markets) and Hae-Ran Song (New York-Capital Markets).