Shearman And Sterling

News July 08, 2014

Shearman & Sterling Advises on Medtronic’s Acquisition of Covidien

Shearman & Sterling advised Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as sole lead arranger, in connection with the $16.3 billion senior unsecured bridge financing raised by Medtronic, Inc. to finance its acquisition of Covidien plc. The financing included a $13.5 billion senior unsecured bridge loan and a $2.8 billion senior unsecured bridge loan.

The Shearman team included partners JD DeSantis (New York-Finance) and Douglas McFadyen (New York-Tax), counsel Susan Hobart (New York-Finance), and associates Spencer Barrowes (New York-Finance) and Lindsay Offner (New York-Finance).