Shearman & Sterling advised Bank of America, N.A. as administrative agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC, Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and RBS Securities Inc. as joint lead arrangers and joint book managers in connection with a bridge loan and a senior term loan with an aggregate value of $2 billion for Peabody Energy Corporation related to its acquisition of Macarthur Coal Limited.

The Shearman & Sterling team included partners Dave Beveridge (New York-Capital Markets), Jason Lehner (New York/Toronto-Capital Markets), Maura O’Sullivan (New York-Finance), and Steven E. Sherman (New York-Finance) and associates Stephen Fowler (New York-Finance), Ada Ho (New York-Finance), Danielle Kalish (New York-Finance), Peter Saad (New York-Capital Markets), Gary Tashjian (New York-Finance), Uzay Topuz (New York-Finance) and Nathan Wood (San Francisco-Finance).