Shearman & Sterling advised J.P. Morgan Securities plc, Morgan Stanley & Co. LLC, Santander Investment Securities Inc., Scotiabank Perú S.A.A. and Scotia Capital (USA) Inc. on the offer to purchase for cash made by the Republic of Peru of its 7.125% global bonds due 2019 and various series of its Bonos Soberanos, including in the form of global depositary notes (GDNs).

Shearman & Sterling announced that Tim Sheddick and Katie Hicks will join the firm as partners in the Project Development & Finance practice based in London.

Shearman & Sterling advised Nexans on the signature of a €600 million Revolving Credit Facility with 11 of its core banks for a period of five years, thereby extending the tenor of the Group’s access to liquidity until 2023. 

Shearman & Sterling advised Morgan Stanley Asia Limited, Huatai Financial Holdings (Hong Kong) Limited, Goldman Sachs (Asia) L.L.C. as joint sponsors and other Joint Global Coordinators and Underwriters on the US$1 billion global offering and initial public offering of WuXi AppTec Co., Ltd. (WuXi AppTec) on the Main Board of The Stock Exchange of Hong Kong Limited.

Shearman & Sterling advised a consortium led by Pertamina Power Indonesia, Marubeni Corporation and Sojitz Corporation in connection with the development and financing of the US$1.7 billion integrated LNG-to-power project located in West Java Province, Indonesia. The project achieved financial close on December 5, 2018.

Shearman & Sterling advised Lucky Bucks, LLC, as borrower, on an amendment that upsized its existing $75 million delayed draw secured term loan facility, agented by Goldman Sachs Specialty Lending Group, L.P., to an aggregate of $100 million in commitments and funded term loans.

We advised MetLife Real Estate Investors in connection with a $137 million acquisition financing of 440 Ninth Avenue in New York City for Taconic Investment Partners and TH Real Estate.  440 Ninth Avenue is an 18-story, 411,000-square-foot building on New York City’s Far West Side. Taconic and TH purchased the property from Unizo Holdings for $269 million.

Shearman & Sterling advised JPMorgan Chase Bank, N.A. as administrative agent on a $5 billion unsecured revolving credit facility for Abbott Laboratories.

Associate Anna Guillard Sazhko (Paris-International Arbitration) was appointed to the board of the Ukrainian Arbitration Association for a period of three years, following a vote casted on November 19, 2018. Located in Kyiv, the board consists of nine arbitration practitioners from various law firms around the world, several of which, including Shearman & Sterling, conduct high-profile work for Ukraine.