Shearman & Sterling has advised Head NV, the global manufacturer and marketer of sports equipment, and its subsidiary, HTM Sport- und Freizeitgeräte AG, on their exchange offer for HTM’s €135 million bonds for a mix of new secured bonds and ordinary shares.

The offer, which closed today, reduces HTM Sport’s debt levels by about €42 million.

The Shearman & Sterling team representing HTM Sport included: partners Clifford Atkins, Mei Lian, Richard Price, Fabio Fauceglia, Pierre-Nicolas Ferrand, Jacques McChesney, Robert Evans III and Paul Schreiber; counsels Lorna Chen, Robert Ferguson, Charles Gittleman, Peter Hayes and Russell Sacks; associates Cedric Van den Borren, Monsiree Jirasarunya, Jo Folan, Jesse Kanach, Maud Lefeuvre, Tasha Matharu, Steve Homan, Carla-Sophie Imperadeiro, Andrea De Pieri, Thomas Day, Marzio Ciani, Simon Weiss, Jennifer Morton and Philippe Wolanski; and trainee Camilla Hunter.