Shearman & Sterling LLP advised Citibank, N.A. as administrative agent and collateral agent on a $6.3 billion DIP financing for Energy Future Intermediate Holding Company and EFIH Finance Inc., consisting of a $5.475 billion senior secured DIP term loan facility that refinanced the existing facility and a $825 million senior secured delayed draw DIP term loan facility.

The Shearman & Sterling team included partners Fred Sosnick (New York–Financial Restructuring & Insolvency), Maura O’Sullivan (New York–Finance), Mike Steinberg (New York–Finance) and Malcolm Montgomery (New York–Real Estate); and associates Tomasz Kulawik (New York–Finance), Lisseth A. Rincon Manzano (New York–Finance), Fay Teloni (New York–Financial Restructuring & Insolvency), Arman Naraghi-Pour (New York–Corporate), and Ryan Au (Washington, DC–Tax).