Nachrichten November 11, 2014

Shearman & Sterling Advises Lead Arrangers on $19.8 Billion Financing for Medtronic

Shearman & Sterling advised Bank of America, N.A. and other lead arrangers in connection with a $19.8 billion dollar financing for Medtronic. The financing was comprised of a $11.3 billion senior unsecured bridge facility and a $5 billion senior unsecured term loan facility for Medtronic Inc.’s acquisition of Covidien plc and an amended and restated revolving credit facility for Medtronic, Inc. and Medtronic Global Holdings SCA.

The Team