Shearman And Sterling

News December 08, 2016

Shearman & Sterling Advises on Thomas Cook's €750 Million High Yield Bond Offering

Shearman & Sterling advised Merrill Lynch International, DNB Markets, Lloyds Bank, Société Générale, Barclays, BNP Paribas, Citigroup, Credit Industriel et Commercial, Credit Suisse, KBC, Morgan Stanley, RBS and UniCredit on Thomas Cook's €750 million high yield bond offering. 

The offering comprised €750 million of 6.25% senior notes due 2022. The proceeds of the offering will be used to refinance existing indebtedness of the Thomas Cook group.

The Shearman & Sterling team included partners Korey Fevzi (London-Finance), Kristen Garry (Washington, DC-Tax), Simon Letherman (London-Tax), Ronan Wicks (London-Finance) and Marwa Elborai (London-Capital Markets); counsel Alejandro Gordano (London-Capital Markets) and Mehran Massih (London-Environmental); associates Randy Nahlé, Morgan Hill, Elena Dzhurova, Yaw Asare, Carla Russo and Angeliki Cheimona (all London-Capital Markets), Michèle Smith (London-Finance), Eric Grosshandler (New York-Tax) and Lois Howarth (London-Tax).