Shearman & Sterling represented J.P. Morgan Securities Inc. as sole lead arranger and JPMorgan Chase Bank, National Association as administrative agent in connection with a senior secured credit facility for Madison Square Garden L.P. ("MSG"), a former subsidiary of Cablevision Systems Corporation that was spun off and became a separate public company on February 9, 2010. MSG, a fully-integrated media, entertainment and sports company, is the owner of a networks broadcasting business, as well as the New York Knicks, the New York Rangers and Madison Square Garden Arena.

The Shearman & Sterling team that represented J.P. Morgan Securities included partners William E. Hirschberg (New York-Finance), Monica L. Holland (New York-Finance), Mitchell E. Menaker (New York-Tax), Maura E. O'Sullivan (New York-Finance) and Fredric Sosnick (New York-Bankruptcy & Reorganization); of counsels David L. Bleich (New York-Finance) and Reade H. Ryan Jr. (New York-Finance); counsels Jill K.Frizzley (New York-Bankruptcy & Reorganization) and John A. Morrison (New York-Executive Compensation & Employee Benefits); associates Emily Atkinson (Toronto-Finance), Karen D. Holdridge (New York-Property), Douglas Jones (New York-Tax), Gloria Jung (New York-Intellectual Property), Seth Kerschner (New York-Property/Environmental), Jennifer Pacella (New York-Finance), Eva A. Rasmussen (New York-Executive Compensation & Employee Benefits) and Allison Speigel (New York-Finance); and legal assistant Christine Dionne (New York-Finance).