Shearman & Sterling advised Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC, as representatives of the initial purchasers, in connection with the Rule 144A/Regulation S offering of $400 million of 5.50% senior notes due 2024 of AdvancePierre Foods Holdings, Inc. (“AdvancePierre”).

AdvancePierre, headquartered in Cincinnati, Ohio, is a leading national producer and distributor of value-added, convenient, ready-to-eat sandwiches, sandwich components and other entrées and snacks to a wide variety of distribution outlets including foodservice, retail and convenience store providers. AdvancePierre intends to use the net proceeds from the offering of the notes, together with cash on hand, to repay $400 million of outstanding borrowings under its first lien term loan and to pay fees and expenses in connection with the offering.

The Team