Shearman And Sterling

News November 04, 2014

Shearman & Sterling Advises Lenders and Initial Purchasers on Halyard Health Spin Off from Kimberly-Clark Corporation

Shearman & Sterling advised Morgan Stanley, Citigroup, Deutsche Bank Securities and RBC Capital Markets as joint lead arrangers and joint bookrunning managers in connection with a $640 million financing for Halyard Health’s Inc.’s spin-off from Kimberly-Clark Corporation, including a $390 million term loan B and $250 million of senior notes.

The Shearman & Sterling team included partners Maura O’Sullivan (New York-Finance); counsel Jinho Joo (Palo Alto-Finance) and Jeff Salinger (New York-Environmental); associates Christine Wright (New York-Finance), Amy Gluckman (New York-Finance), Merritt Johnson (New York-Capital Markets), Robert Giannattasio (New York-Capital Markets), Derek Kershaw (New York-Tax), Laura Mulry (New York-Environmental), Joshua Steinberger (New York-Intellectual Property Transactions), Regina Park (New York-Executive Compensation & Employee Benefits), Reed Schuster (New York-Capital Markets), and Elizabeth Vinci (New York-Real Estate); and international associate Athina Diamanti (New York-Capital Markets).