Shearman And Sterling

News Apr 30, 2015

Shearman & Sterling Advises on the Increase of the US/European Term Loan B Financing for the INEOS Group

Shearman & Sterling advised Barclays Bank PLC and J.P. Morgan Limited as joint global coordinators, lead arrangers and bookrunners, and Citigroup Global Markets Inc., Merrill Lynch Pierce Fenner & Smith Incorporated and Morgan Stanley Senior Funding, Inc. as co-arrangers and co-bookrunners in connection with the addition of an incremental senior secured term facility to its existing cross-border, multicurrency and covenant lite Term Loan B bank financing for certain affiliates of INEOS AG, one of the world's largest chemical companies by revenue. The proceeds of the additional loans have been used to, among other things, repay INEOS’s existing 2019 senior secured notes.

The Team