Shearman & Sterling represented National Amusements, Inc. in connection with its private placement of $400 million aggregate principal amount of 8.25% senior secured notes due 2017. The notes were issued by National Amusement’s wholly owned subsidiary NAI Entertainment Holdings LLC. The proceeds from the offering will be used to refinance existing indebtedness. In addition, the firm also represented National Amusements, Inc. in connection with a $50 million senior secured revolving credit facility in favor of NAI Entertainment Holdings LLC. The credit facility was arranged by TD Bank N.A.

The Shearman & Sterling team was led by partners Maura E. O'Sullivan (New York-Finance), Stephen T. Giove (New York-Capital Markets) and Andrew R. Schleider (New York-Capital Markets) and included partners Christa D’Alimonte (New York-Mergers & Acquisitions), Bradley Sabel (New York-Financial Institutions Advisory & Financial Regulatory), and Michael Shulman (Washington, D.C.-Tax); counsels Ferdinand Erker (New York-Capital Markets), Susan Fennessey (New York-Bankruptcy & Reorganization), Sharon Lippett (New York- Executive Compensation & Employee Benefits), and Sanjeev Magoon (Washington D.C.-Tax); associates Michael Byrne (New York-Property), Gaurav Chaudhari (New York-Finance) Stacey Doynow (New York-Mergers & Acquisitions), Jason Gao (New York-Capital Markets), Matthew Gautier (New York-Finance), Steve Homan (New York-Asset Management), Nick Mumby (London-Property), David Ni (New York-Capital Markets), Randal Palach (New York-Finance), Dave Rao (New York-Capital Markets), Ellen Shiels (New York-Capital Markets), and Chris Tulimieri (New York-Property); and legal assistants Christine Dionne (New York- Finance), Daniela Ritter (New York-Capital Markets) and Adele Young (New York-Property).