Shearman And Sterling

News April 29, 2021

Shearman & Sterling Wins “High-Yield Deal of the Year” at IFLR Europe Awards 2021

Shearman & Sterling was recognized for its role in the SYNLAB refinancing and debt extension, in the High-Yield Deal of the Year category at IFLR Europe Awards 2021.

IFLR Europe Awards recognize law firms that have provided innovative legal advice on complex international transactions.

IFLR Europe noted that this was the first ever non-distressed high yield notes for a Term Loan B exchange offer. The Shearman & Sterling team were commended for their work advising the lead arrangers.

Shearman & Sterling advised Goldman Sachs International, Morgan Stanley and Deutsche Bank as mandated lead arrangers in connection with SYNLAB's exchange offer of its Floating Rate Notes due 2022 into a new tranche of its Term Loan B due 2024 and in relation to the extension of SYNLAB's existing Term Loan B due July 2022. The Shearman & Sterling team also advised Natixis in relation to the extension of SYNLAB's Revolving Credit Facility. See full release.

SYNLAB is a Cinven-backed pre-eminent clinical laboratory services company in Europe. It operates across 35 countries on three continents and undertakes more than 500 million clinical tests for more than 50 million patients annually.

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