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News Apr 13, 2015

Shearman & Sterling Advises Boston Scientific on $3 Billion Financing

Shearman & Sterling advised Boston Scientific Corporation, as borrower, in connection with a $3 billion financing, including a refinancing of its $2 billion revolving credit facility arranged by J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, a new $750 million unsecured term loan arranged by J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which backs the company's acquisition of Endo International's male urology business, and a $250 million revolving credit facility arranged by J.P. Morgan Securities LLC.

The Shearman & Sterling team was led by partner Maura O’Sullivan (New York-Finance) and included partner Ethan Harris (Washington, D.C.-Tax); counsel Barbara Edwards (New York-Project Development & Finance), Sharon Lippet (New York- Compensation, Governance & ERISA) and Nathan Tasso (Tax-Washington, D.C.); and associates Adaeze Udoji (New York-Corporate), Judy Fisher (New York-Tax) and Janna Maland (New York-Corporate).

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