December 02, 2022
Shearman & Sterling advised Japan Bank for International Cooperation (JBIC) as lender in connection with its CAD 450 million project financing for the Ontario Line subway project in Toronto, Canada. The loan is co-financed with Sumitomo Mitsui Banking Corporation and the Norinchukin Bank, bringing the total co-financing amount to CAD 1,100 million. The transaction marks JBIC’s first project finance loan in the transportation sector in North America and forms part of Plenary Americas’ Connect 6ix consortium CAD 9 billion financing for the Ontario Line Rolling Stock Systems, Operations and Maintenance (RSSOM) contract.
December 01, 2022
Shearman & Sterling represented the underwriters in connection with ArcelorMittal’s offering of $1.2 billion aggregate principal amount of its 6.550% Notes due 2027 and $1.0 billion aggregate principal amount of its 6.800% senior notes due 2032, totaling $2.2 billion aggregate principal amount.
December 01, 2022
Shearman & Sterling advised Boston Scientific Corporation in connection with its recently announced proposed acquisition of Apollo Endosurgery (Nasdaq: APEN) for a cash price of $10 per share, reflecting an enterprise value of approximately $615 million.
November 30, 2022
Shearman & Sterling advised Société Générale, a leading European bank, on its plan to form a joint venture with AllianceBernstein, a leading global investment management and research firm, through the combination of their respective cash equity and equity research businesses.
November 29, 2022
Shearman & Sterling advised CIBC Capital Markets, National Bank Financial Markets, RBC Capital Markets, BMO Capital Markets, Casgrain & Company Limited, Desjardins Capital Markets, Scotiabank, TD Securities, HSBC and Laurentian Bank Securities, in connection with a Regulation S offering by PSP Capital of C$750 million aggregate principal amount of 3.750% Senior Notes due 2029. The notes were issued under PSP Capital’s debt issuance program, and are guaranteed by PSP Capital’s parent, Public Sector Pension Investment Board (PSPIB).
November 28, 2022
For the second year in a row, Shearman & Sterling's partner and head of the Seoul office, Anna Chung, has been named in Asia Business Law Journal’s 2022 A-List of Korea’s top 100 lawyers. A partner in the firm's Project Development & Finance practice, Anna was recognized in the following practice areas: Banking & finance; infrastructure; joint ventures; power & energy; project finance. The A-List is based on extensive research and nominations received from in-house counsel in Korea and elsewhere, as well as Korea-focused partners at international law firms.