Shearman & Sterling represented the underwriters in connection with Macy’s Retail Holdings, Inc.’s public offering of $500,000,000 aggregate principal amount of its 3.450% senior notes due 2021, guaranteed by Macy’s, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC acted as joint bookrunning managers.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2014 sales of $28.1 billion. The company's operations include approximately 900 Macy's, Macy's Backstage, Bloomingdale's, Bloomingdale’s Outlet and Bluemercury stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com.
The Shearman & Sterling team included partners Lisa Jacobs
(New York-Capital Markets) and Douglas McFadyen
(New York-Tax); and associates Flavio Averbug (New York-Capital Markets) and Sean Anderson (New York-New York Corporate Group).