Shearman & Sterling LLP represented Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities, LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Evercore Group L.L.C. and William Blair & Company, LLC as initial purchasers in connection with a $500 million issuance of 6.500% senior notes due 2024 by Rackspace Hosting, Inc.

The Shearman & Sterling team was led by partner Michael Benjamin (New York-Capital Markets) and associates Naveen Pogula (New York-Capital Markets), Yi Han Goh (New York-Capital Markets) and Hillary Bailey (New York-Corporate).  Other key members of the team included partner Philip Urofsky (Washington, DC-Litigation); counsel Sharon Lippett (New York-Compensation, Governance & ERISA); and associates Benjamin Petersen (Menlo Park-Intellectual Property Transactions), Mario Meeks (Washington, DC-Litigation), Adam Sternberg (New York-Tax), Mark Langer (Menlo Park-Intellectual Property Transactions), Matthew Tosto (New York-Corporate) and Frank Oliver (New York-Corporate).