Shearman & Sterling represented Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC as joint bookrunning managers in connection with a shelf takedown of $150 million aggregate principal amount of 6.50% Notes due 2020 of Worthington Industries, Inc. Worthington is a diversified metal processing company focused on value-added steel processing and manufactured metal products, operating 41 manufacturing facilities worldwide, including 23 through joint ventures.
The following Shearman & Sterling team advised the underwriters in the transaction: partners Robert Evans III (New York-Capital Markets) and Bernie Pistillo (New York-Tax); associates Irene Shih (New York-Capital Markets), Joe M. Sasanuma (New York-Capital Markets), Shriram Bhashyam (New York-Capital Markets), and Shiu-Kay Hung (New York-Tax); trainee solicitor Pamela Dusu (New York-Capital Markets); and legal assistant Kristi Anne Nadvornik (New York-Capital Markets).