Shearman And Sterling

News October 07, 2016

Shearman & Sterling Advises on DEA’s Debut Senior Notes Offering

Shearman & Sterling advised the joint bookrunners, led by Deutsche Bank, on DEA’s debut €400 million offering of senior notes. The notes bear an interest rate of 7.50% and are due in 2022. The proceeds of the offering will be primarily used to partially repay (without cancelling) certain existing debt. 

DEA is an international independent crude oil and natural gas company with capabilities across exploration, development and production. Headquartered in Hamburg, Germany, it is one of the largest independent European-focused exploration and production companies with core production and development assets in Germany, Norway, Denmark, Egypt and Algeria.

The Team