Shearman & Sterling represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and The Bank Tokyo-Mitsubishi UFJ, Ltd. as joint lead arrangers and joint book managers in connection with a $13 billion financing, including a $5 billion 364 day credit facility, a $5 billion 3 year credit facility and a $3 billion 5 year credit facility, for Toyota Motor Credit Corporation and some of its affiliates.

The Shearman & Sterling team was led by partner Bill Hirschberg (New York-Finance) and included partners Laurence E. Crouch (Menlo Park-Tax), Brad Sabel (New York-Financial Institutions Advisory & Financial Regulatory), and Bodo Bender (Frankfurt-Tax), counsel Susan Hobart (New York-Finance) and associates Emeka Chinwuba (New York-Finance) and James Leslie (London-Tax).