Shearman And Sterling

News November 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, and thirteen Bloomingdale's Outlets stores.