Shearman & Sterling represented Citigroup Global Markets Inc. as lead arranger of a $450 million amended and restated senior secured superpriority debtor-in-possession credit facility for Chemtura Corporation. This new credit facility refinances Chemtura's existing $400 million DIP facility, for which the firm represented Citigroup Global Markets Inc. in March 2009.

The Shearman & Sterling team that represented Citigroup included partners William Hirschberg (New York-Finance) and Fredric Sosnick (New York-Bankruptcy & Reorganization); counsels Benjamin Cheng (New York-Finance) and Edmund Emrich (New York-Bankruptcy & Reorganization); and associates Alexa Loo (New York-Bankruptcy & Reorganization) and Owen McCarthy (New York-Finance).