Shearman & Sterling advised Nokia Siemens Networks Finance B.V. on its offering of €450 million 6¾% Senior Notes due 2018 and €350 million 7⅛ Senior Notes due 2020. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 27, 2013.
The proceeds from the offering of the senior notes will be used to prepay certain existing indebtedness, pay related fees and expenses and for general corporate purposes.
Nokia Siemens Networks, headquartered in Espoo, Finland, is a leading provider of mobile broadband infrastructure hardware and software and related services, serving customers in more than 120 countries.
The Shearman & Sterling team of lawyers in the firm’s London and Washington, DC offices included capital markets partner Jacques McChesney, counsel Rebecca Marques, associates Melanie Probst and Priyanka Raswant, and international trainee Ana Grbec in London and tax associate Judy Fisher in Washington, DC.