Shearman & Sterling represented Citigroup, Barclays, CIMB and SMBC as initial purchasers in connection with LLPL Capital Pte. Ltd.’s Rule 144A/Regulation S offering of $775 million in aggregate principal amount of 6.875% senior notes due 2039, unconditionally and irrevocably guaranteed by PT Lestari Banten Energi.

Shearman & Sterling represented GMR Hyderabad International Airport Limited in connection with its Rule 144A/Regulation S offering of $300 million in aggregate principal amount of 5.375% senior secured notes due 2024.

Partners Cynthia Urda Kassis (New York-Project Development & Finance) and Emmanuel Gaillard (Paris-International Arbitration) received the ‘Lawyer of the Year’ award in their respective practice areas at this year’s Who’s Who Legal Awards, which took place in London on May 16, 2019.

Latinvex named partners Antonia Stolper (New York- Capital Markets), Cynthia Urda Kassis and Denise Grant (both New York- Project Development & Finance) to its 2019 Latin America’s Top 100 Female Lawyers list.

Shearman & Sterling represented New Metro Global Limited in connection with its offering of $300 million aggregate principal amount of 6.5% senior notes due 2022. 

Shearman & Sterling advised DTE Midstream in connection with the acquisition of a 30 percent stake in Stonewall Gas Gathering for $275.3 million, bringing its total ownership interest in the asset to 85 percent.

Shearman & Sterling has taken on a pro bono matter in Washington, D.C. to help with a public housing transfer for a family whose daughter is severely ill. Associate Stacy Ruegilin was recently interviewed on the local FOX (WTTG-TV) affiliate in Washington on the case.  The team also included partner Ben Gris.

Shearman & Sterling advised on 10 property company bond offerings in China in Q1 2019, including offerings by CFLD (Cayman) Investment Ltd, Future Land Development Holdings Limited, New Metro Global Limited and Sunac China Holdings Limited. All 10 deals were led by partner Alan Yeung (Hong Kong-Capital Markets).

Shearman & Sterling advised The Dow Chemical Company (Dow) in connection with Dow’s Rule 144A/Regulation S offering of $500 million 3.150% notes due 2024, $750 million 3.625% notes due 2026 and $750 million 4.800% notes due 2049. In connection with the notes offering, Dow entered into a registration rights agreement, which requires Dow to file an exchange offer registration statement with the SEC with respect to offers to exchange the notes.

Shearman & Sterling’s Financial Restructuring & Insolvency team received four Turnaround Atlas Awards on May 20. Partners Fredric Sosnick and Ned Schodek (both New York- Financial Restructuring & Insolvency) and associates Jordan Wishnew, Sara Coelho, Fay Teloni and Michael Guippone (all New York- Financial Restructuring & Insolvency) were honored for their work on several of the year’s most prominent bankruptcy matters.