Shearman & Sterling is representing HTM Sport- und Freizeitgeräte AG, a subsidiary of Head NV – the global manufacturer and marketer of sports equipment. The firm is advising on HTM’s offer to exchange its outstanding €135 million 8½% senior notes due in 2014 for new 10% senior secured notes also due in 2014. The offer period will close on 22 May 2009.

The new notes will potentially be secured by assets in the United States, United Kingdom, Austria, Canada, France, Italy, Japan and Spain.