Shearman & Sterling advised Société Générale, HSBC and CACIB, as Mandated Lead Arrangers, for the financing of the acquisition to a company affiliated with Apollo Global Management, Inc. of 31 hypermarkets and supermarkets properties valued at €465 million.

Shearman & Sterling is today announcing the hire of Alan Rockwell and Michael Chernick in New York. The hires reflect the firm’s continuing commitment to strengthen its position as one of the preeminent firms in leveraged finance with talent across both New York and London. 

Court of Appeal Vacates Jack Sagin’s Murder Conviction Thanks to DNA Evidence  

California’s Sixth District Court of Appeal overturned the murder conviction of Jack Sagin, a man who has spent 33 years in prison, after it was determined that the DNA tested from the crime scene, including male DNA found under the victim’s fingernails, was not that of Jack Sagin. Sagin was released today. 

Shearman & Sterling advised Morgan Stanley & Co. LLC and Santander Investment Securities Inc. as dealer-managers in connection with Cencosud’s cash tender offers to purchase up $900 million of its 2023, 2025 and 2027 notes.

Partner Kristen Garry (Washington, D.C.-Tax) was quoted in Bloomberg Law on the new tax rules on IBOR-transition modifications that were released by the IRS this week.

Shearman & Sterling advised The Dow Chemical Company (Dow) in connection with the relaunch of its InterNotes® program. Dow will offer each tranche of the notes through a “Pricing Supplement” that describes the specific terms of that tranche of notes, including the initial offering price and minimum subscription amount, if any. ®InterNotes is a registered trademark of Incapital Holdings, the purchasing agent under the program.