Shearman & Sterling represented Citicorp USA as administrative agent and lender in a $2.25 billion five-year unsecured revolving credit facility for The Walt Disney Co.

Additionally, Citigroup Global Markets, Inc. with Banc of America Securities LLC acted as joint lead arrangers and joint book managers in arranging the lender syndicate. The new facility replaces Disney's existing 364-day Revolving Credit Facility.