Shearman & Sterling represented the underwriters in connection with Macy’s Retail Holdings, Inc.’s public offering of $550,000,000 aggregate principal amount of its 3.875% Senior Notes due 2022 and $250,000,000 aggregate principal amount of its 5.125% Senior Notes due 2042, guaranteed by Macy’s, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC acted as joint bookrunning managers.

Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2010 sales of $25 billion. The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's, as well as the macys.com and bloomingdales.com websites. The company also operates seven Bloomingdale's Outlet stores.

The following Shearman & Sterling lawyers advised on the transaction: partners Lisa Jacobs (New York-Capital Markets) and Laurence Bambino (New York-Tax) and associates Christine Kim (New York-Capital Markets), Yui Le (New York-Capital Markets) and Shiu-Kay Hung (New York-Tax).