Shearman And Sterling

News March 09, 2021

Eaton’s €1.5 Billion Notes Offering

Shearman & Sterling represented Citigroup Global Markets Limited,  J.P. Morgan Securities plc and Morgan Stanley & Co. International plc, as joint book-running managers, and the co-managers in connection with Eaton Capital Unlimited Company’s offering of €900 million aggregate principal amount of 0.128% guaranteed notes due 2026 and €600 million aggregate principal amount of 0.577% guaranteed notes due 2030. The guaranteed notes are listed on Euronext Dublin and were offered outside the United States pursuant to Regulation S under the Securities Act.

Eaton Capital Unlimited Company is a subsidiary of Eaton Corporation plc, a power management company with 2020 net sales of $17.9 billion. Eaton provides sustainable solutions that help its customers effectively manage electrical, hydraulic and mechanical power – more safely, more efficiently and more reliably. Eaton's mission is to improve the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 92,000 employees and sells products to customers in more than 175 countries.

The Shearman & Sterling team below also included associate Iain Sneddon.

The Team

Regional Experience