Shearman Logo

News Nov 18, 2014

Shearman & Sterling Advises on Macy’s Retail Holdings, Inc.’s $550 Million Notes Offering

Shearman & Sterling represented the underwriters in connection with Macy’s Retail Holdings, Inc.’s public offering of $550,000,000 aggregate principal amount of its 4.500% Senior Notes due 2034, guaranteed by Macy’s, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and Goldman, Sachs & Co. acted as joint bookrunning managers.

Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the US's premier retailers, with fiscal 2013 sales of $27.9 billion. The company's operations include approximately 840 Macy’s and Bloomingdale’s stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and thirteen Bloomingdale's Outlets stores.

The following Shearman & Sterling lawyers advised on the transaction: partners Lisa Jacobs (New York-Capital Markets), Douglas McFayden (New York-Tax), and Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory) and associates Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory), Ryan Roberts (New York-Tax), Ali Hassanali, Jenny Ding and Daniel Yao (all New York-Corporate).