Shearman & Sterling has advised UK-based independent power producer International Power plc on its offering of €250 million 7¼% senior notes due 2017. The offering closed on May 11.

International Power will use the proceeds of the offering for general corporate purposes.

The Shearman & Sterling team of lawyers in the firm’s London and New York offices was led by capital markets partner Ward McKimm. He was assisted by associates Apostolos Gkoutzinis, Cedric Van den Borren, Yumi Paringaux, Marsili Hale, Mike Kung and David Plattner and trainees Henry Ovens and Tom Berisford. Partners Iain Scoon and Bernie Pistillo and associates James Leslie and Amy Lewis advised on tax aspects of the transaction. M&A partner Lois Moore, finance partner Mei Lian and associate Emi Zakrzewski advised on English law corporate and finance issues.